Utility stocks average 24% total returns for 2021 YTD
Five companies make up the returns.
In a report released by SGX, utility stocks reached an average of 24% total returns.
Sembcorp Industries, Keppel Infrastructure Trust, Union Gas Holdings, China Everbright Water, and SIIC Environment make up the total returns with a median total return of 18%.
Of the five, Union Gas Holdings reported the strongest performance for the 2021 year.
Keppel Infrastructure Trust reported a 7% total return, whilst the remaining companies reached 11%.
Overall, the utility sector has a combined market value of $1.35 trillion (US$1t).
Read more of the report here.