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Hydrate Your Portfolio with an H20 ETF

Tuesday, 12 Jun 2007 | 7:11 PM ET

Water is gaining traction among investors, PowerShares Capital Management LLC President Bruce Bond told “Closing Bell.”

Wild About Water
Water's growing popularity among investors, with Bruce Bond, PowerShares Capital Management LLC president and CNBC's Maria Bartiromo

The firm debuts its water ETF on the American Stock Exchange Wednesday, and Bond offered insights on global water demand. “We’ve become more and more aware of the need around the world for portable water,” he told CNBC’s Maria Bartiromo. Poor nations of Asia and Africa, for instance, are in need of more water and infrastructure Bond added.

So, how do you choose the right ETF? Performance is driven by the index it replicates, Bond explained. Investors should therefore evaluate the index 'the same way they would a manager.'

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  • With almost 30 years experience in business television, Bill Griffeth is co-anchor of the 3 p.m. ET hour of CNBC's "Closing Bell."

  • Kelly Evans

    Kelly Evans is an on-air correspondent, reporting across CNBC's business day programming. She is co-anchor of CNBC's "Squawk on the Street."