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Invesco Water Resources ETF T.PHO


Primary Symbol: PHO

The investment seeks to track the investment results (before fees and expenses) of the NASDAQ OMX US Water IndexSM (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. The fund is non-diversified.


NDAQ:PHO - Post by User

Bullboard Posts
Post by Moneyman777on Jun 27, 2016 5:03pm
273 Views
Post# 25002668

Sold - will watch and wait

Sold - will watch and waitI sold imediately. Im not a fan of any kind of lack of controls as I am an accountant and have a strong requirement for this on a fundamental level. Im happy that they were honest in making a press release, but its the duty of management is to work for the shareholders and the employees and not to have any other kind of self interests put first. Its an absolute requirement for this company going forward to provide details of transfers with subsidiaries and subsidiary investments, whether it be patent or funds. If they manage to provide clarity, and an unqualified audit I will look into the name again. It does have a low PE and high ROE. But its not worth anything in my books unless management acts on the best interest of shareholders and has this proven.
Bullboard Posts