The firm also launched the ProShares Bitcoin Strategy ETF (BITO) in 2021, which is the world’s largest cryptocurrency ETF. ION joins the ProShares thematic ETF lineup, complementing a group of funds that feature the application of technology and innovation, such as the S&P Kensho Cleantech ETF (CTEX), the DJ Brookfield Global Infrastructure ETF (TOLZ), the ProShares Online Retail ETF (ONLN) and the ProShares Metaverse ETF (VERS). retail investors to conveniently access on their own. Many of these companies can be difficult for U.S. ION tracks the S&P Global Core Battery Metals Index-which is currently made up of 41 companies in more than 15 countries, including Australia, Indonesia, South Africa and China. 1 ION is designed to give investors access to global companies mining lithium, nickel or cobalt-raw metals that are seeing a surge in demand due to the increase in battery production. Global demand for batteries is expected to grow by 25% annually until at least 2030, according to academic research. "With ION, there is now an ETF that offers investors an effective way to access companies meeting the soaring demand for batteries and the metals needed to make them." "An energy revolution is underway that is transforming the way we power our lives," said Michael L. These companies supply the raw metals needed to power the batteries used in the growing number of electric vehicles, laptops, smartphones and energy storage devices. ION invests in companies that may benefit from the mining of lithium, nickel or cobaltīETHESDA, Md., December 01, 2022-( BUSINESS WIRE)-ProShares, a premier provider of ETFs, today launched ProShares S&P Global Core Battery Metals ETF (ION), the first ETF to invest only in companies mining battery metals.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |