Charlie Stromeyer Jr

Van Eck Global's New ETFs: Steel and Environmental Services

Before buying either EVX or SLX, investors should consider that economist Nouriel Roubini is forecasting a recession in commercial construction:

www.rgemonitor.com/blo...

Metal and Mining ETF: A Safer Way to Play Steel

You might be interested to know that Barclay's is planning an exchange traded note (ETN) based on the Industrial Metals Total Return subindex:

news.morningstar.com/a...;pgid=wwhome1a

Van Eck Global's New ETFs: Steel and Environmental Services

Van Eck is incorrect in stating that there is no mutual fund for environmental services. Since February 2005, I have had clients long waste management via the Fidelity Select Environmental Services Fund (ticker FSLEX).

Note that EVX mainly contains companies involved with waste management and that street analysts are still bullish on this sector despite the run up in share prices (e.g. maybe strength in commercial construction will offset the ongoing weakness in housing). EVX already has a P/E ratio of about 33 but does include the potential of emerging technologies.