“While global climate change may be over-politicized, there’s no disputing that the issue is real,” says Larry Edelson. In his Real Wealth, he looks at two favorite exchange-traded funds that invest in the water. He explains, “Food shortages and the lack of fresh drinking water are likely the most acute and immediate problems. For example, Northwestern India is running out of water, China is raising water prices to curb use and Mexico recently restricted the water supply amid a shortage.”

The investment (PHO) seeks results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Palisades Water index. The fund normally invests at least 80% of total assets in American Depositary Receipts and common stocks of companies in the water industry. In pursuit of its objective, it may invest at least 90% of total assets in American Depositary Receipts and common stocks that comprise the Palisades Water index. It is nondiversified.