Kass(article on RealMoneyPro.com at thestreet) has been writing about “owning” water all year.  Today he re-iterates the buy:  Powershares Water Resources [(PHO) down 20.55% YTD according to Yahoo/finance] and Guggenheim S&P Global Water Index ETF [(CGW) down 3.76% YTDaccording to Yahoo/finance]  as ETFs to buy.  He feels water, long term, there is an enormous imbalance between demand and supply.

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