`Water stocks are not recession proof but are recession resistant`
Released on: October 7, 2008, 8:44 am
Press Release Author: InvestorIdeas.com
Industry: Financial
Press Release Summary: Investorideas.com Water Stocks Podcast; Bill Brennan Discusses the Performance of the Kinetics Water Infrastructure Fund, Global Water Industry Trends and Investing Trends
Press Release Body: Investorideas.com Water Stocks Podcast; Bill Brennan Discusses the Performance of the Kinetics Water Infrastructure Fund, Global Water Industry Trends and Investing Trends
“Water stocks are not recession proof but are recession resistant”
POINT ROBERTS, WA -- October 7, 2008- Investorideas.com and its Water-stocks.com Podcast series “Investing in Water” present an in-depth interview with Mr. Bill Brennan, President & Managing Partner of Aqua Terra Asset Management and Senior Portfolio Manager of the Praetor Global Water Fund. Mr. Brennan discusses the performance of the Kinetics Water Infrastructure Fund and global trends specific to the sector including water re-use and reclamation.
According to Mr. Brennan the Kinetics Water Infrastructure Fund, launched in June 2007, focuses on water infrastructure both globally and in the US. The fund is about 65% invested in companies that are domiciled outside of the US.
Mr. Brennan reports, ”“What we try to do is invest in the areas where infrastructure spending is accelerating. We have seen it go from about $250 -260 Billion 5 years ago to $520 Billion moving to a Trillion dollars in the next 4-5 years on an annual basis. We invest in companies that have a 30-40% exposure to water infrastructure and growing.
So you won’t see us involved in areas that are not water company related. We won’t be in the GE’s and the Siemens of the world, because even though they are big players in water and water infrastructure, their revenue does not move the needle enough from a contribution standpoint to make it into our universe. We have to watch those companies because they are actively involved in acquisitions and they have become the leaders in technology. We focus on the small and mid-cap companies that are really going to benefit from the increase in spending globally.”
In discussing the fund performance Mr. Brennan tells us, “The fund continues to out-perform the broader market by about 800-900 basis points in regard to the S&P and we also outperform the water ETF’s on an absolute performance basis.”
“Water stocks are not recession proof but are recession resistant”, he notes. “People have to take a look at necessities- where they spend. Water is a necessity along with power and waste management.”
To listen to the full interview: http://static.investorideas.com.s3.amazonaws.com/podcasts/2008/100608a.mp3
To hear previous audios from other water experts: http://www.investorideas.com/ws/ Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts, interviews and a directory of public companies within the water sector. The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
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For More Information Contact: Dawn Van Zant 800-665-0411 Email: dvanzant@investorideas.com Web Site: www.InvestorIdeas.com
Source: Water-Stocks.com
Web Site: http://www.water-stocks.com
Contact Details: For More Information Contact: Dawn Van Zant 800-665-0411 Email: dvanzant@investorideas.com Web Site: www.InvestorIdeas.com