New fund tracks lithium industry
28 July 2010
by Mark Watts
Global X Lithium ETF provides boost, but will not be a guide to global demand
Keywords: lithium, Li-ion, electric vehicles, Global X, ETF, SQM, FMC, Rockwood
A new exchange-traded fund (ETF) has been launched to track the Solactive Global Lithium Index – a basket of 20 global companies producing lithium minerals and lithium-based batteries.Based in New York, the Global X Lithium ETF was created reflects the performance of the lithium industry as a whole, allowing investors to diversify risk across the whole value chain rather than targeting an individual company.The three largest companies in index,...
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