Opinions
Tyler Mordy
Invesco Water Resources ETF
PHO-Q
BUY ON WEAKNESS
Feb 25, 2020
$39.030
Stock price when the opinion was issued
E.T.F.'s
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BUY
Water resources. Long-term outlook over the next 5-10 years is excellent. Valuation is a little pricey at 21X earnings. Wouldn't be surprised if the Democrats won't have major spending plans focused in infrastructure in which water is a key area. (See Top Picks for his infrastructure play.)
E.T.F.'s
COMMENT
Global water ETF that is half focused on the industrial side, like pipelines and infrastructure for water, and half the utility side. CWW is for the Canadian etf, and PHO trades in the US.
E.T.F.'s
BUY
BUY
water A fine, long-term strategic hold given environmental concerns. Namely, global warming is a real concern that Bay and Wall streets still need to come to terms with. You must use water for agriculture, personal use and infrastructure, so demand is solid. Water investments are pretty safe.
E.T.F.'s
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A very old one from 2003, the largest in water. It focuses on purifying water. Water will become more important than oil. It's US-focused. CGW and CWW are more globally-oriented water ETFs. PHO scores high in ESG. This has good tailwinds, but that's already priced into PHO. Trade at 4x book and 33x earnings. This has outperformed its peer in the U.S. Wait for a correction.