Amex Environmental Services Index Up 37.20% in 2006
The Amex Environmental Services Index(AXENV) rose 4.59 percent in December and gained 37.20 percent for the year ending December 31, 2006. AXENV is a modified equal-dollar-weighted index that is comprised of publicly traded companies involved in waste management and related activities.
These companies offer a full range of environmental services to residential, industrial, municipal and commercial customers; such services include waste collection and disposal, hazardous waste services, recycling, remediation and environmental clean-up services, wastewater management and environmental consulting.
As of December 31, 2006, AXENV included 26 securities.
AXENV is rebalanced quarterly. The next rebalancing will occur on March 16, 2006.
This article originally appeared in the 01/01/2007 issue of Environmental Protection.