Electric vehicle exchange-traded funds have drawn $900 million of inflows YTD, as investors bet Tesla won’t be the only game in town with the world shifting away from fossil fuels.
The most popular EV ETF this year was Global X Autonomous and Electric Vehicles ETF. A search for members that are on the cheaper side while still enjoying accelerating sales and rising forecasts throws up traditional carmakers, internet companies and component makers. They include Hyundai Motor, which recently hinted at an Apple link, Baidu, which is tying up with Geely, and Dana.
The most popular EV ETF this year was Global X Autonomous and Electric Vehicles ETF. A search for members that are on the cheaper side while still enjoying accelerating sales and rising forecasts throws up traditional carmakers, internet companies and component makers. They include Hyundai Motor, which recently hinted at an Apple link, Baidu, which is tying up with Geely, and Dana.