Results season buoys index

Despite a cool summer and a hurricane-filled autumn, many water stocks rose to multiyear highs, aided by a positive results season. Evoqua’s IPO was a further high point.

The GWI Global Water Index emerged from the noise of the quarterly results season relatively unscathed, ending the period up nearly 1% as it reached another all-time high. Investors who put a dollar to work in the Americas segment of the index in January 2008 would now have $2.40 to show for their efforts – despite an alarming 14.5% dip in the share price of Brazilian concessionaire...

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