A bumper year

Water beat the index in 2004. 2005 is going to be tough.

Publicly quoted water around the world (with some minor exceptions on the US east coast of and in South East Asia) enjoyed a good year during 2004 – possibly the best since 2000 (see survey p8). The index-beating performance of the Pictet Water Fund, and its smaller rival run by Sustainable Asset Management in Switzerland, might suggest that the strong global ...

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