Global X Funds has launched the Global X Waste Management ETF, which will evenly divide its holdings in hazardous and non-hazardous waste and recycling companies.

Global X said it decided to offer the fund in light of the world’s growing population. “The proper disposal of hazardous and non-hazardous waste is a critical and growing aspect of many industries, especially as corporations are held more accountable for the waste they produce,” Global X said.

The fund tracks the Solactive Global Waste Management Index.

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