Making its debut on 12/06/2005, smart beta exchange traded fund Invesco Water Resources ETF (PHO) provides investors broad exposure to the Industrials ETFs category of the market.
Looking for broad exposure to the Industrials - Water segment of the equity market? You should consider the Invesco Water Resources ETF (PHO), a passively managed exchange traded fund launched on December 6, 2005.
A smart beta exchange traded fund, the Invesco Water Resources ETF (PHO) debuted on 12/06/2005, and offers broad exposure to the Industrials ETFs category of the market.
| NASDAQ (NMS) Exchange | US Country |
The fund focuses on investing primarily in securities that are part of an underlying index, which aims to track the performance of companies engaged in the conservation and purification of water for a variety of uses, including residential, business, and industrial applications. By allocating at least 90% of its total assets towards securities in the index, the fund maintains a targeted approach towards investment in this sector. The index compiles various types of equities, including common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest, and tracking stocks, providing a broad perspective on the water conservation and purification industry. Despite its specialized focus, the fund is classified as non-diversified, meaning it might invest more heavily in a smaller number of positions, potentially increasing its risk compared to diversified funds.
The fund offers investment opportunities in companies involved in the following areas of water conservation and purification: