Share tip of the week: water purification play

If there's one thing for certain about the future, it's that access to clean water will become increasingly important. Here, Paul Hill tips a promising play on the global thirst for water purification.

Scorching temperatures in western Europe have led to one of the hottest and driest periods in living memory. Western Russia has also suffered a crippling drought, destroying crops on land equivalent to the size of Portugal. Elsewhere, there's been the wettest monsoon for 80 years in Pakistan. And as extreme weather occurs more and more frequently, water security is becoming increasingly important.

This is where ITT Corporation steps in. It is the world's biggest producer of the sophisticated pumps that measure, clean and control drinking water. It is also the number-two maker of advanced filtration systems. So it develops top-notch units that use cutting-edge technologies, such as UV radiation, to purify supplies rather than killing germs with chlorine.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.