Recycling
and Waste Management Trust Launched
May
14, 2008 11:37 AM
Pension Builders & Consultants
(PB&C), Cleveland, has launched a recycling and waste management unit
investment trust with expectations to capitalize on growing interest in
environmentally friendly practices.
“By
investing in the Pension Builders Global Recycling & Waste Management
Portfolio, investors may not only be contributing to a cleaner environment, but
may participate in the growth and earnings of companies dedicated to
environmentally friendly practices.” said Darrin Farrow, president of
PB&C, in a press release. ”The portfolio is poised to benefit from
the increased need to manage waste and recycled material in both developed and
emerging markets and based on legislation mandating greater environmental
responsibility and a demand for these services.”
According
to the press release, the portfolio, which started accepting deposits May 7,
began by identifying a universe of approximately 500 companies that PB&C
says have a significant focus in categories such as waste management systems,
refuse systems, hazardous waste treatment and remediation services, which
comprise the waste management sector. Once the universe was selected, PB&C
incorporated a ranking system to identify 23 companies that are diversified
across the many waste management categories. The ranking system is primarily
based on, but not limited to, market capitalization, liquidity, dividend
payment and profitability. The portfolio’s stocks were equally weighted
on the trust's initial date of deposit.