Global X Funds has now launched a Lithium ETF. Quite interesting as I started tracking the Lithium Sector early on. Also of note the fact AVL.TO – Avalon Rare Metals is part of the list. Goes to show the interest for Lithium, Rare Earths Elements and Exotic Metals in general can be closely related at times.
Fund Description: The Global X Lithium ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.
Index Description: The Solactive Global Lithium Index is designed to reflect the performance of the lithium industry. It is comprised of companies globally that are primarily engaged in some aspect of the lithium industry such as lithium mining, exploration and lithium-ion battery production.
The Global X Lithium fund holdings:
ROCKWOOD HOLDINGS INC – ROC
ADVANCED BATTERY TECHNOLOGIES – ABAT
EXIDE TECHNOLOGIES – XIDE
ENER1 INCORPORATED – HEV
SAFT GROUPE S.A.
A123 SYSTEMS – AONE
SANYO ELECTRIC
GS YUASA CORP
COSLIGHT TECHNOLOGY INTERNATIONAL
ULTRA LIFE BATTERIES – ULBI
SOCIEDAD QUIMICA Y MINERA DE CHILE – SQM
AVALON RARE METALS – AVL.TO
GALAXY RESOURCES –
CHINA BAK BATTERY – CBAK
VALENCE TECHNOLOGY – VLNC
FMC CORP – FMC
ELECTROVAYA –
OROCOBRE LTD
CANADA LITHIUM CORP – CLQ.TO
LITHIUM ONE – LI.V
Keep in mind almost 50% of the fund components are related to lithium-ion batteries. A better way might be to apply the ‘picks and shovels’ investment approach. PPO – Polypore which is part of my public list fits that description. I will write about that stock at some later point in time.
The funds holdings will change over time. Still, it should be telling a stock like WLC – Western Lithium Canada, which was an early leader in the Lithium industry is not part of the list. RM.V – Rodinia Lithium by the way didn’t make it into the Lithium ETF either.
Other interesting ETFs and their components:
- SIL Global X Silver Miner ETF – Exchange Traded Fund Starts Trading On NYSE
- GDXJ – Van Eck Market Vectors Junior Gold Miner ETF Starts Trading On NYSE
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