Managers cite long-term water opps despite falling valuations

Water story compelling with scarcity and questionable quality creating strong fundamentals

Water companies appear to be holding up relatively well in current markets and are being touted by fund managers as a shrewd long-term investment. While stocks have suffered globally and much of the environmental sector has had a torrid time, financing in the water sector is widely thought to be intact, despite falls in valuations. As such, managers deem water a compelling story, with its scarcity and questionable quality creating sound fundamentals, and the sector's stability and green credentials adding to its appeal. Jim Stride, managing director at AXA IM, goes as far as to say: "...