Group 1 - Water ETFs are a unique investment product that provides economic exposure to water, with each fund adopting a different approach to this challenge [1] - The current focus is on identifying high-quality, shareholder-oriented companies that are undervalued due to short-term factors or irrational investor behavior [1] - There is particular interest in legacy businesses in sectors like remittances, ATMs, and tobacco, which are often overlooked despite their cash-generative capabilities and high yields [1] Group 2 - The analysis emphasizes a focus on U.S. stocks while also exploring attractive investment opportunities in the UK and globally [1]