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Water ETFs Are Smarter Than They Look

FYI: It's easy to ridicule exchange-traded funds that invest in water. They seem an obvious example of products becoming too specialized and gimmicky. Are earth, wind and fire ETFs next?

Then there's the fact that water ETFs don't track the price of water, and don't focus on investing in water utility companies.
Regards,
Ted
http://www.bloomberg.com/news/print/2014-09-03/water-etfs-are-smarter-than-they-look.html
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