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Investing in clean water for the future
With weather events set to be more extreme, concerns over global water scarcity have risen
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A girl in Mexico collecting water in August. Scientists predict that extreme weather events behind water supply disruptions will become more frequent and intense.
PHOTO: REUTERS
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Inside the world's biggest asset manager, an investment strategy is being fine-tuned based on a bet that the rich world will increasingly face a lack of clean water.
"Historically, we often thought of water as being a developing country problem, but it goes much deeper than that," said Mr Omar Moufti, product strategist for thematic and sector exchange traded funds at BlackRock.
