This was inevitable.
Meet the electric/autonomous vehicle ETF
Apr. 17, 2018 2:12 PM ET|By: Clark Schultz, SA News Editor
Do you want to bet on electric and autonomous vehicles? Or maybe just bet on too many people betting on electric vehicles? Either way, a new ETF could be of interest.
The Global X Autonomous & Electric Vehicles ETF (NASDAQ: DRIV) is being introduced to track the Solactive Autonomous & Electric Vehicles Index. The list of companies included as components of the EV/AV ETF is rather interesting.
Top 20 index components by weighting: Intel (NASDAQ: INTC), Microsoft (NASDAQ: MSFT), Toyota (NYSE: TM), Apple (NASDAQ: AAPL), Samsung (), Cisco (NASDAQ: CSCO), Texas Instruments (NYSE: TXN), Nvidia (NASDAQ: NVDA), Alphabet (NASDAQ: GOOGL), BHP Billiton (NYSE: BHP), Qualcomm (NASDAQ: QCOM), Daimler ( OTCPK:DDAIF), Honda (NYSE: HMC), Rio Tinto ( OTCPK:RTPPF) Honeywell (NYSE: HON), Baidu (NASDAQ: BIDU), Micron (NASDAQ: MU), General Motors (NYSE: GM), Ford (NYSE: F) and Volkswagen ( OTCPK:VLKAY).
Since somebody is sure to ask, BMW ( OTCPK:BMWYY) and Tesla (NASDAQ: TSLA) are both further down the list of components of the index. A couple of other notable components are Cree (NASDAQ: CREE), Albemarle (NYSE: ALB) and Alcoa (NYSE: AA).
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