I came across this article on CGW, Claymore S&P Global Water (CGW). I never thought investing in something so basic as water before. Funny how one water ETF (PHO) has actually outperformed all major indexes this year. Anyway, the price movement on water ETFs is low so I’m not recommending buying or selling espeically since CGW is down 10% and PHO up 5% over the year. This is probably due to the 33% investment in US companies in the former and about 70% investment in the latter and as the dollar has strengthened, so has PHO. Also, PHO doesn’t focus on big cap stocks as much as CGW does.