This is the premise for EVX. America throws out over 245 million tons of trash per year, about 4.5 pounds of trash per person, according to the EPA. The waste will continue its flow so it must change directions, with recycling expected to grow about 19% a year by 2011. Trang Ho for Investor's Business Daily also reports worldwide, hazardous waste disposal is growing at a rate of about 7.8% per year for the next 5 years.
EVX holds 25 companies that provide waste management services to homes, businesses and cities. Businesses such as trash collection, landfills, water treatment, hazardous waste disposal, recycling and environmental consulting. Launched in October 2006, the ETF has gained 21%.
Top holdings include Waste Management (WMI), Veolia Environment (VE) and Republic Services (RSG). Go ahead and turn your trash into cash. This ETF is right in step with the green movement and shift to alternative energy investing seen on Wall Street.
EVX 7 month chart: