Water gets back to outperformance
- From: Vol 12, Issue 1 (January 2011)
- Category: General
- Country: Brazil, China, Finland, France, Japan, United Kingdom and United States
- Related Companies: American Water, Aqua America, Asia Environment Holdings, Asia Water Technology, Bio-Treat Technology, Chongqing Water, Consolidated Water, Eastern Water Resources, Energy Recovery Inc, Gruppo IREN, H2O Innovation, ITT, Kemira, Keppel Corp, Kurita Water Industries, Modern Water, Moya Dayen, Mueller Water Products, Nalco, Pall Corp, Pictet, Puncak Niaga Holdings, Sabesp, SembCorp Utilities, Severn Trent, Suez Environment , Thai Tap Water Supply, United Envirotech, United Water and Veolia
Water stocks avoided the worse of the crash, but were slow to recover in 2009. In 2010, publicly traded water companies made up for lost ground, with Amercian stocks outperforming their Asian counterparts.
Water stocks beat the main benchmark indices in 2010, after lagging the rest of the market during 2009. The GWI Water Index ended the year 12.4% higher at 87.8, while the MSCI World Index rose by just 9.6%.
European water stocks provided the best performance, with average prices up 16.3%. This was primarily due to the ...
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