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 > This is good news.

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Comment by Moogulon Jun 11, 2020 9:09pm

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Post# 31141303

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This is good news.

Always a great irrelevant macro view. Thank you.

Do you think PHo's customers and their customers customers give a flying Eff about less gdp? Before you say yes I'll just say they don't.
Covid is literally an accelerant of secular trends already in play. IOT, 5G, digitization, self driving cars, Egaming, mohr's law, the cloud... I bet all these sectors increase spending and grow like a weed regardless of your OMG macro view. That's why pho wins (which is all I care about in this BB) But feel free to fear monger if you think you can drive the share price down. GLTA

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