Water stocks didn’t bounce in 2009
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Unspecified
- Related Companies: Acea, Agbar, American Water, Aqua America, Asia Environment Holdings, Boustead, Calgon Carbon, California Water Service Co (Cal Water), Christ Water Technology, Energy Recovery Inc, ePure International, Hyflux, ITT, Kurita Water Industries, Modern Water, Nalco, PBA Holdings Bhd, Pictet, Qianjiang Water Resources, Sabesp, Severn Trent Services, Shanghai Industrial Holdings, Sinomem Technology, SJW Corp, Suez Environment , United Envirotech, United Utilities and Veolia
Having outperformed the market between 2004 and 2008, water stocks under-performed during 2009. Careful stock-picking enabled some investors to stay ahead of the market.
Water stocks rose by 20% during 2009, but failed to match the 27% improvement achieved by the MSCI World Index. This underlines the fact that defensive stocks which hold value in a downturn have less to catch up on during a recovery.
In the longer term, water stocks have remained a strong investment proposition. The start date of the GWI ...
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