ETF Securities Australia launches battery technology ETF
ETF Securities Australia has launched the ETFS Battery Tech & Lithium ETF (ASX: ACDC) that tracks the Solactive Battery Value-Chain Index.
The index is tracking the performance of companies that are providers of certain electrochemical energy storage technology, such as battery technology and mining companies that produce metals that are primarily used for manufacturing batteries.
The index is equal weighted and currently includes the 28 stocks that are closely related to the theme of battery and lithium technology.
Solactive writes that climate change is a challenge that we all have to take on and one important way to tackle climate change is the use of renewable resources. To effectively use those, efficient and large energy storage technologies are necessary to tackle the unpredictability of most renewable energy resources. The Battery Value-Chain Index is tracking companies that are leaders in the battery and energy-storage value chain.
Timo Pfeiffer, Head of Research at Solactive, says: “Lithium and battery technology is one of the most crucial technologies of the 21st century. The ETFS Battery Tech & Lithium ETF is a great opportunity for investors to gain exposure to this thriving industry.”
Kris Walesby, CEO of ETF Securities Australia, says: “Energy storage is undergoing a massive transformation in Australia and the rest of the world, with lithium considered to be one of the lightest and most efficient technologies. Using ACDC investors can get exposure to battery technology and lithium providers in one single trade.”
The index universe is determined based on research from Metal Bulletin Group which provides data on the mining industry and DOE Global Energy Storage Database which is collecting and aggregating data on energy- storage projects. Current index components are for example: Sony Corp., Samsung SDI Co Ltd., Evonik Industries AG. and Enersys.