What is the lithium & battery tech ETF?

The Fund will invest at least 80% of its total assets in the securities of the Underlying Index and of companies that are economically tied to the lithium industry. LIT | A complete Global X Lithium & Battery Tech ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.

What is the Global X lithium & battery tech ETF (lit)?

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. Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable).

Should you invest in a lithium battery ETF?

An ETF focused on lithium battery tech will provide diversification across the industry, from lithium mining companies to battery manufacturers to EV automakers that integrate the tech into a vehicle. Since lithium batteries used in larger applications are still undergoing rapid development, there are few choices for ETF pure plays in the industry.

What is amplify lithium & battery technology ETF?

The Amplify Lithium & Battery Technology ETF is the second pure-play lithium battery ETF available in the U.S. At just 0.59% per year, it has an even lower expense ratio than Global X’s offering. The fund is made up of 90 stocks, so it also covers more ground. But more stocks and lower expenses have not equated to better investor returns.

How much does a lithium battery fund invest?

The fund will normally invest at least 80% of its net assets in the securities that comprise the index. The index seeks to provide exposure to global companies deriving material revenue associated with the development, production and use of lithium battery technology. It is non-diversified. Trailing returns as of 10/18/2024.

What is Global X's lithium technology ETF?

Global X’s ETF runs the gamut in the lithium technology space. Half the funds are allocated to lithium mining companies, with top lithium producer Albemarle (ALB 0.5%) being the largest holding.