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  • Van Eck Global's New ETFs: Steel and Environmental Services [View article]
    Before buying either EVX or SLX, investors should consider that economist Nouriel Roubini is forecasting a recession in commercial construction:

    www.rgemonitor.com/blo...
    Nov 06 10:16 am |Rating: 0 0 |Link to Comment
  • Van Eck Global's New ETFs: Steel and Environmental Services [View article]
    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.
    Nov 03 22:53 pm |Rating: 0 0 |Link to Comment
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