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PIO - PHO: A Water Resource Fund With Qualities As Average As A Plain Glass Of Water
Invesco Global Water ETF
2024-03-08 15:01:55 ET
Summary
Invesco Water Resources ETF (PHO) has mediocre prospects and does not deserve a buy rating due to its relative underperformance, high expense ratio, and low dividend yield.
PHO is concentrated on water resource holdings but is diversified among multiple market sectors. It includes both U.S. and international holdings.
The water resource industry is expected to see strong growth, but PHO will likely continue to lag the market overall due to several top holdings' high valuations and low growth.