Solactive writes that thematic investment has been gaining increasing popularity in the last years, stating that these strategies allocate assets into stocks or other investments based on specific business sectors or themes, intending to benefit from the materialisation of trends, technological innovation, and advancements.
One of the main topics that is awakening investors interest now is the automotive industry, which is going through a rapid and disruptive change, the firm says. The growth of alternatives to the combustion engine and therefore the emergence of electric vehicles as well as the development of autonomous vehicles will change the landscape of the automotive ecosystem. Envisaging this potential, Solactive has announced that Global X Japan launched the Global X Autonomous & EV ETF, tracking the Solactive Autonomous & Electric Vehicles Index.
The Solactive Autonomous & Electric Vehicles Index offers investors a representation of the performance of players that are or are expected to soon be active in the electric vehicles and autonomous driving segments.
The ETF listed on the Tokyo Stock Exchange under stock code 2867.
Timo Pfeiffer, Chief Markets Officer at Solactive, says: “With the environmental issues gaining momentum, one of the backbones of the automotive industry will be electric. By 2040, over 60 per cent of all cars are projected to be electric, in line with global carbon net-zero strategies. On top of that, autonomous cars are just around the corner. The global market is expected to grow from USD 27 billion in 2021 to USD 62 billion in 2026. We are very honoured that Global X Japan saw these opportunities and chose us to launch such a cutting-edge product that cocoons the vast potential of the automotive industry in the years to come.”