The Global X Lithium & Battery Tech ETF invests in the full lithium cycle, from mining and refining the metal, through battery production,” reads its fund summary.
“The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.”
Global X Lithium & Battery Tech ETF closed Wednesday morning at $80.53. That’s more than 21% up this year and 214% higher than 5 years ago.
The second suggestion Gerrish had was closer to home.
“There is a lithium & battery technology ETF on the ASX called ETFS Battery Tech & Lithium ETF (ASX: ACDC),” he said.
“It holds lithium stocks as well as companies involved in batteries.”
This fund also follows a Solactive index but has a broader remit than Global X.
What could it be?, page-8
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