WALL OF MONEY

With US retail investors thirsty for water sector exposure (see story p16), Boenning & Scattergood closed its $53 million Global Water Equities Portfolio and $10 million US Water Equities Portfolio investment trusts in July.

Earlier this year, it raised $25 million into its actively managed Praetor Water Fund. Global Water Equities Portfolio is a static holding of 37 companies including the main US industrials with water interests, equipment suppliers and water utilities on both sides of the Atlantic (Suez and Veolia, but no RWE). To add a frisson of Chinese exposure, the portfolio includes ...

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