In defence of US water utilities
- From: Vol 10, Issue 1 (January 2009)
- Category: General
- Region: Americas
- Country: United States
- Related Companies: (RWE) Rhein Ruhr Partners , American Water, Aqua America, Artesian Resources, California Water Service Co (Cal Water), Cascal, Connecticut Water, Consolidated Water, Middlesex Water, San Jose Water and South West Water
Robust performances at the three largest quoted US water utilities helped the sector to outperform in 2008. SouthWest Water, meanwhile, is fighting to maintain its Nasdaq listing.
The defensive nature of water utility stocks in an economic downturn was amply evidenced in 2008 by the fact that US water utilities were the safest place to park investment capital, compared to other sectors of the global water market.
A portfolio of listed stocks, weighted by market capitalisation and water exposure, lost only 5.0% of their value last ...
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