The smart money is on water becoming the oil of the 21st Century, say a number of financial experts including Bloomberg News, MSNBC, and financial fund managers like the Calvert Global Water Fund (CFWAX).

“Water had been ‘essentially overlooked’ during the recent commodities boom, despite clear warnings over shortages that would require sizable investments to overcome,” says Philippe Rohner, manager of a water equity fund for the Swiss bank Pictet, in a September 18, 2006, article on PlanetArk.com titled, "Investors Bet on Rising Costs for Scarce Water."

“It is an industry that requires capital, and where the returns can be quite attractive for investors in equities,” he says.

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