WATER STOCKS REVIEW - Water stocks moved east in 2007
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: Pictet and Suez
Despite the weakness of US utilities, the water sector outperformed the main market indices for the fourth year running last year. Maximising investment returns was dependent on a strong appetite for Chinese water stocks.
GWI’s Global Water Market Index rose by 20.1% in 2007. This follows a 40% rise in 2006, and a 24.2% rise in 2005. By contrast, the Euro-based MSCI World Market Index fell by 1.9% last year. GWI’s index comprises 61 water stocks, weighted according to their market capitalization at constant currencies.
Most of the growth ...
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