Ralph Wanger ran the Acorn Fund from 1970 to 2003, earning a name as one of the best small-company stock funds in the country. He had three suggestions:
High-quality Chinese art
Latin America farmland
Urban real estate
But only if it's near a large water supply. Wanger suggests Chicago.
Three exchange-traded funds specialize in stocks of water-related companies: PowerShares Water Resources (ticker: PHO); Claymore S&P Global Water Index Fund (CGW); and First Trust ISE Water Index Fund (FIW).
From Delaware Online
