An exchange traded fund (ETF) that invests in trash? Yes, trash, or waste management if you will, is the latest sector ETF launched by Global X.
Global X Waste Management ETF (NYSEArca: WSTE) started trading Wednesday, and investors may not want to refuse this opportunity. [New Inverse Corporate Bond ETF For The Adventurous.]
The index is market cap-weighted, and designed to measure the broad-based equity market performance of global companies involved in the waste management industry, as defined by Structured Solutions AG. For instance, companies involved in waste management, recycling and production are represented.
According to ETF Daily News, the expense ratio is at 0.65%. About 43% of the companies are international, so the diversification is anything but rubbish.
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.