FIW - FIW: Water Is The New Gold And This ETF Has The Golden Touch

2024-03-24 00:54:15 ET

Summary

• Water purification and filtration companies are becoming increasingly important due to pollution problems and the limited availability of clean water.
• The water purification market is expected to triple over the next decade, driven by concerns over contaminants in drinking water and water scarcity.
• The FIW ETF tracks companies in the wastewater and potable water industry, which have significant growth potential as the global population increases.

Like many, I was starting to wonder if bitcoin is the new gold. In other words, that asset class that transcends simple investment decision-making, and establishes itself as a part of some investors' "permanent portfolio"-style mixes. As in, it is always at least a small allocation....

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