Beating the index in 2004
- From: Vol 5, Issue 1 (January 2004)
- Category: Analysis
- Region: Europe
- Country: United Kingdom
- Related Companies: American Water Works, Berlinwasser, Blackstone Group, Eon, Gelsenwasser, General Electric/Osmonics, Innogy, ITT Industries, Ondeo/Suez, RWE/Thames (Water), RWW, Sal Oppenheim, Suez, Veolia, Veolia Environnement (formerly Vivendi Environnement), Vereins- und Westbank and WestLB
Water underperformed yet again in 2003. But not for much longer.
Last year was another disappointing one for the water industry on the Stock Exchange. Market Insight on p20 shows that while an unweighted basket of all the water stocks covered by GWI corresponded with main market indices, the big water stocks, notably Veolia and Suez, underperformed. As a result, on a properly weighted basis the water sector underperformed.
This time ...
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