FIW - The FIW ETF: Because Water Is More Essential Than Oil (Or Data)
- Many investors have likely heard the saying that "data is the new oil", which, I would note, was coined before the Putin invaded Ukraine and oil jumped back over $100/bbl.
- However, I would argue that potable water is more vital and essential than either oil or data. After all, without water, life on Earth would cease to exist.
- Population and economic growth, global warming, and increasing pollution are putting extreme pressure on the Earth's clean water supplies.
- That being the case, investors might want to consider allocating some capital to the First Trust Water ETF.
For further details see:
The FIW ETF: Because Water Is More Essential Than Oil (Or Data)