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The Invesco Water Resources ETF seems all set to grow and prosper as the bipartisan infrastructure bill has allocated $55 billion to the water resources sector.
Two outperforming peers in this sector - PHO and FIW - have gained more than 80% since March 2020.
The water resources sector had been estimated to grow at a CAGR of 6.9% between 2020 and 2026, but because of the new infrastructure bill, it will now increase even more.