Bringing you live news and features since 2006 

Wombat offers access to buzzing global battery market for UK investors

RELATED TOPICS​

Micro-investing platform Wombat is offering investors the opportunity to plug into the booming battery market with the launch of its latest theme-based ETF.

‘The Battery Boom’ fund offers exposure to companies capitalising on the growth in the adoption of battery and energy storage solutions.

Advancements in battery technology are being fuelled by the increasing adoption of electric vehicles, which already account for more than half of global battery demand.
The fund provides investors with exposure to companies across the battery ecosystem, including those involved in raw materials mining, manufacturing, and emerging technologies such as Autonomous Driving.

The fund’s top 10 holdings include Plug Power Ltd, a developer of hydrogen fuel cell systems, Gangfeng Lithium Co Ltd, one of the world’s leading lithium producers, and Umicore, a materials company specialising in the automotive and energy sectors.

The fund is listed on the London Stock Exchange with the ticker CHRG and is the 26th ETF to be added to the Wombat platform. It has a total expense ratio of 0.4 per cent.

Since its launch in 2019, Wombat has seen rapid growth as novice investors flock to access its range of theme-based exchange-traded funds (ETFs) and curated UK, US and EU fractional shares. It now has more than 160,000 users and 15 per cent month-on-month user growth.
Kane Harrison, CEO and co-founder of Wombat, says: “As concerns about climate change continue to mount attention is increasingly turning to the technologies that can help reduce carbon emissions from high polluting activities like road transportation and power production.
“Batteries are critical to global energy transformation efforts and demand for them is only going to grow, not least from EV manufacturers as people continue to move away from vehicles powered by petrol and diesel.

“With battery technology improving all the time, its importance can’t be overstated, and we are delighted to offer a thematic fund that provides investors access to the companies that have the highest potential for growth in what is an exciting emerging global megatrend.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by