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Electric Vehicle Index ETF

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  • Arkad Arkad 
    Participant
    Status: Physician
    Posts: 113
    Joined: 07/27/2016
    Earnest refinancing bonus

    Has anyone looked into some of the EV Index ETFs that invest in companies that are part of the supply chain? Thinking about a small investment in one.

    #244983 Reply
    Avatar Peds 
    Moderator
    Status: Physician
    Posts: 4447
    Joined: 01/08/2016

    No.

    Completely unnecessary. I own them already.

    #244993 Reply
    Liked by Vagabond MD, Tim
    Vagabond MD Vagabond MD 
    Participant
    Status: Physician
    Posts: 3477
    Joined: 01/21/2016

    No one loves his/her EV more than I do, but I have no interest in an ETF that invests in them. How would it be constructed? Who devises the “index”?

    "Wealth is the slave of the wise man and the master of the fool.” -Seneca the Younger

    #245006 Reply
    Liked by Peds, StarTrekDoc
    Zaphod Zaphod 
    Participant
    Status: Physician, Small Business Owner
    Posts: 6186
    Joined: 01/12/2016

    This is going to be a manufacturing and commodity index in the end. Ofc there could be some good growth due to increased EVs and a small base but in the end its the same issue. Just like the stocks of the car makers themselves, car making is just a tough business, and suppliers are then subject to the makers.

    #245015 Reply
    Liked by Craigy
    Avatar Nysoz 
    Participant
    Status: Physician
    Posts: 88
    Joined: 10/23/2017

    DRIV has tech and auto makers in it. Focuses of EV/Autonomous driving. Other than that, earth metal miners and more battery tech would be another area of focus.

    #245016 Reply

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