It is sometimes hard to keep track of the various biblical calamities that scientists warn are on the horizon, but makers of structured products seem to be paying keen attention at least. Lyxor's latest offering aims to capitalise on the desperate shortage of drinkable water, which is apparently threatening to become one of the planet's most pressing issues.
That should mean a windfall for investors in the water sector, according to Lyxor, whose Dynamic Water Fund promises to provide Hong Kong investors with handsome returns by tracking the performance of the world water total return index, which comprises 20 of the biggest organisations involved in the water utilities, infrastructure and treatment sectors.
The premise is...
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