Even GDP growth should translate to a 400% increase in water demand by 2050.
The First Trust Water ETF (FIW) has an average annual return of 10.5% over the past decade, according to FactSet, and is the top rated fund in the space by Bank of America ETF strategist Jared Woodard.
As the impending realities of water scarcity become clearer, we expect water funds to benefit," Woodard said in a Nov. 6 note.
FIW ALL mountain The First Trust Water ETF (FIW) has a solid long-term track record.
Ferguson's clients include large commercial buildings and water utilities.
Persons:
Haim Israel, Jared Woodard, FIW, Woodard, Industrials, Ferguson, Ecolab . Roper
Organizations:
Bank of America, Water, Trust, Companies, Roper Technologies, Neptune Technology Group
Locations:
industrials, Minnesota