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.

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Invesco Water Resources ETF > Q4 Results Are Spectacular! The Future Looks Bright.

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Comment by lscfaon Mar 18, 2021 11:20am

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Post# 32825814

RE:RE:Q4 Results Are Spectacular! The Future Looks Bright.

Mgmt needs to hedge their foreign exchange risk to stabilize earnings. FX seems to change quite a bit between when revenue is booked and payment is received.

FX (loss) gain	Q4	Q3	Q2	Q1	Total
2020	(951)	(483)	(1518)	2682	(270)
2019	(478)	272	(472)	(586)	(1264)
2018	1332	(551)	659	1059	2499
2017	145	(1264)	(778)	(140)	(2037)
2016	398	167	(95)	(656)	(186)