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

Invesco Water Resources ETF > Seeking Alpha

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Comment by friendlymarkon Mar 01, 2019 5:06pm

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Post# 29431166

RE:Seeking Alpha

I missed this N3 , so thanks for the observation.

Nothing much new in the analysis; PHO will ebb and flow with the semis and has had these critiques before. The one that has always worried me the most is too few customers ... really good ones, but nonetheless too few.

I think our American friends at Seeking Alpha forgot about one huge metric tho - the Canadian $.
virtually all of PHOs revenues are in US$ ....so, if one believes the Canadian $ is on the way down, as I do, it will be a boon for PHO or an offset to other depressed metrics at the very least .

Note their last comment in italics : they are long PHO ( I’m the shorter side of long, lol)

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