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PIO - Invesco Global Water ETF: Interesting Theme But Performance Is Lacking
Invesco Global Water ETF
We are generally not big fans of “thematic” funds and ETFs. While the themes for the funds generally sound exciting, all too often the implementation is troublesome and investors would be better off with just an index fund or two. Unfortunately, the Invesco Global Water ETF (PIO) looks like it’s one of those cases.
About PIO
The fund tracks the NASDAQ Global Water Index. According to the index methodology document to be included in the index a security must “be involved in the creation of products that conserve and purify water for