FYI: At about a penny a gallon in many places, water might be difficult to think of as a good investment, but stocks and exchange-traded funds related to it have rallied nicely this year.
As of Tuesday, the S&P Global Water Index, which includes 50 water-linked companies worldwide, had climbed 17% in 2019. And through Wednesday, many of its components had turned in positive numbers. For example, utility American Water Works (ticker: AWK) was up 36%; water-technology provider Xylem (XYL), 12%; and conglomerate Danaher (DHR), 33%. The Invesco Water Resources ETF (PHO) had gained 25% in the same stretch.
Regards,
Ted
https://www.barrons.com/articles/the-case-for-investing-in-water-51570791604?mod=hp_DAY_8M* Snapshot CFWAX:
https://www.morningstar.com/funds/xnas/cfwax/quoteWater ETFs:
https://etfdb.com/etfs/industry/water/
