Been looking at the LIT in a bit of detail while waiting to go out. From the full csv I noticed a couple of things:
- Some of the Li suppliers have a much larger allocation than their market caps should command - maybe the index should be split into suppliers (Li derivatives)/producers (consumer derivatives e.g batteries).
- SQM and ALB are the companies largely bringing it down and are both in Chile having political issues.
I might play with it a bit and create what I think is fair weighted industry specific index just out of curiosity.
Maybe if the Chilean politics get sorted it may go a long way to turning the index around given the two larger weightings.
IMHO DYOR
General Comments & Banter, page-13216
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