Making the right choices for the environment seems to finally have taken hold and with the new Obama administration it should only pick up speed. If you see the value in investing in environmental services you can divest your funds by selecting an exchange traded fund (ETF). Exchange traded funds let you purchase stocks in a particular field but within that stock you own several different companies.
One environmental services ETF that may be worth researching is Market Vectors Environmental Services ETF (NYSE: EVX). EVX uses its investments to replicate the price and yield performance of the AMEX Environmental Service index. Some of their holdings include Waste Management, Inc. (NYSE: WMI) who provides integrated waste serviced in the U.S. and internationally, American Ecology Corporation (Nasdaq: ECOL) who uses subsidiaries to provide hazardous waste collection and management, and Calgon Carbon Corporation (NYSE: CCC) who works to purify water and air in the United States and internationally.
If you are looking for an investment in something that helps make the world a little greener, EVX is something to consider. In addition this ETF charges only 0.55% to maintain the fund whereas a traditional money manager that manages a "green fund" to pick the best stocks, will charge three to five times that amount and may never do any better than EVX. Below is a list of the top 10 of approximately 24 holdings you'll own by investing in EVX:
- Allied Waste Industries: 9.98%
- American Ecology Corp: 3.66%
- Calgon Carbon Corp:. 4.35%
- Layne Christensen Co: 3.81%
- Republic Services, Inc.: 10.44%
- Stericycle, Inc.: 3.91%
- Tetra Tech, Inc.: 3.83%
- Veolia Environmental: 9.58%
- Waste Management,: Inc:. 9.16%
- Waste Services, Inc.: 3.69%
Mitch Tuchman founded MarketRiders, an investment website teaching individuals how to save on fees and be their own investment advisor using low cost ETFs and asset allocation.
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