Mindful Media VanEck Environmental Services ETF (NYSEARCA: EVX ) has a reasonably balanced allocation of investments from a market capitalization standpoint, providing diversification in company sizes. EVX is uniquely focused on companies with products and services currently in demand due to increasing environmental conservation. Despite that promising concept, near-term headwinds toward the broad stock market could hamper potential future performance for EVX. This ETF is based on a solid concept and has long-term growth potential. However, keeping in mind the risk factors I cite below, I rate EVX a Hold for now. Strategy EVX seeks to replicate the performance of its underlying index, the NYSE Arca Environmental Services Index (AXENV). That index tracks the performance of businesses involved in a diverse set of environmental services, including waste disposal, soil remediation, wastewater management, recycling, and environmental consulting. EVX uses a full replication strategy and indexing investment approach to achieve its objective of tracking the index’s performance. Holding Analysis EVX has 24 holdings, with a concentration at the top. Ecolab Inc. ( ECL ) accounts for about 10% all by itself. And 3 other stocks, Waste Connections Inc. ( WCN ), Republic Services Inc. ( RSG ), and Waste Management Inc. […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
