Water stocks survive the flash crash
- From: Vol 11, Issue 5 (May 2010)
- Category: Companies
- Region: Unspecified
- Country: China, Singapore, Spain, United Kingdom and United States
- Related Companies: American Water, Aqua America, Biwater, Cascal, SembCorp Utilities and United Utilities Australia
Global water stocks outstripped most major equity indices last month, despite a poor performance from China. Greater visibility on the prospects for 2010 led a number of companies to revise full-year guidance.
The GWI Global Water Index narrowly outperformed the MSCI World Index this month, but still slipped by 5.5%, as Wall Street's "flash crash" and Greece’s bailout underscored a volatile month for global equities.
The sector to be long this month was US investor-owned utilities, which proved once again to be one of the most defensive segments in ...
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