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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

Post by retiredcfon Nov 05, 2020 9:57am
245 Views
Post# 31841445

Assessment

AssessmentWaiting for more details on the CC but results look solid. Sales of $16.3M were 15% ahead of estimates and the EPS of $0.03 also slightly beat estimates. While the backlog slipped a bit, comments about the industry were generally positive. Cash rose to $46.6M and most important, margins improved. 

So said 5iResearch when asked for their assessment. GLTA


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