Bringing you live news and features since 2006 

Global X Japan launches ETF Tracking Solactive Autonomous and Electric Vehicles

RELATED TOPICS​

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.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
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.  ...
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