The FT Alphaville blog
covered a new note from Citi on expectations for massive expansion of investment in the water sector amid urbanization, including the production, storage, shipping and transportation of fresh, clean water. The author cited the view of Citi's Chief Economist Willem Buiter, who told us earlier this year: "Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals."