Investing In Garbage: Global X Launches Waste Management ETF (WSTE)

Global X announced the latest addition to its rapidly-expanding ETF lineup on Wednesday, rolling out a product that offers exposure to the waste management industry. The new Waste Management ETF (WSTE) will seek to replicate the Solactive Global Waste Management Index, a cap-weighted benchmark that includes global companies engaged in the waste management and recovery and recycling industry. Waste Management In Focus The waste management industry is driven by a number of different factors, and can often function as a leveraged play on the overall economy. Demand for waste removal services tends to increase during economic booms and pull back when growth slows; higher levels of economic activity results in increased production of waste that must be disposed of. “The Waste Management ETF (WSTE) provides relatively easy access to a global industry that continues to grow rapidly as the world’s population and individual incomes expand along with the need to [...] Click here to read the original article on ETFdb.com. Related Posts: Ten Proposed ETFs To Be Excited For In 2011 ETFs To Invest Like Bill Gates ETF Plays To Invest Like Buffett, Fisher, Paulson Pax World Launches ETFs Focused On Sustainable Investing