Water stocks recover their composure
- From: Vol 12, Issue 9 (September 2011)
- Category: GWI Water Index
- Region: Unspecified
- Country:
- Related Companies: American Water, Aqua America, Asia Environment Holdings, Beijing Origin Water, Cadiz Inc, Energy Recovery Inc, Global Water Resources Inc., GLV, Gruppo IREN, Hankore Environment Technology, ITT, Kurita Water Industries, Modern Water, Nalco, PBA Holdings Bhd, Pico Holdings, Qianjiang Water Resources, Sabesp, Sanepar, Séché Environnement, SembCorp Utilities, Severn Trent, Suez Environment , Tianjin Capital Environmental Co, United Utilities, VA Tech (Wabag), Veolia and Water Resources Group
After last month’s carnage, water stocks more than held their own against the benchmark MSCI World Index this month. Wabag fared the worst, as investors knee-jerked over the company’s perceived exposure to Libya.
Investors holding a weighted portfolio of global water stocks would have succeeded in outperforming the MSCI World Index by more than 1.5% this month, as the GWI Global Water Index rose by 2.0%, against an 0.4% advance in the underlying benchmark.
The individual performance of a number of stocks over the period was a poor indicator of ...
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