Out with the old, in with the new
- From: Vol 11, Issue 8 (August 2010)
- Category: Analysis
- Region: Unspecified
- Country: China
- Related Companies: Consolidated Water, Energy Recovery Inc and Mueller Water Products
A re-shuffling of the GWI Water Index has strengthened the European segment, and gives first-time exposure to the largest listed Chinese water stock. Meanwhile, fears over near-term dilution at American Water have subsided.
Despite a strong performance in Europe, the GWI Global Water Index underperformed the major stock indices this month, rising by 3.7% against a 4.9% increase in the MSCI World Index.
We have rebalanced our portfolio of stocks this month to take account of the fact that several of our core constituents have been delisted. Acquisition activity means that ...
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