Van Eck Global introduced two new exchange traded funds, Market Vectors Environmental Services (EVX) and Market Vectors Steel (SLX). The new ETFs are the first to target these industries.
EVX tracks Amex Environmental Services Index(AXENV), which is made up of companies in waste management and environmental services. SLX tracks Amex Steel Index(STEEL), which are companies invoved in steel production and fabrication, and the extraction or reduction of iron ore. Options on the new ETFs are listed on the American Stock Exchange.
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