Bringing you live news and features since 2006 

ProShares launches ETF investing in companies mining battery metals

ProShares has launched ProShares S&P Global Core Battery Metals ETF (ION), which they describe as the first ETF to invest only in companies mining battery metals. These companies supply the raw metals needed to power the batteries used in the growing number of electric vehicles, laptops, smartphones and energy storage devices.

“An energy revolution is underway that is transforming the way we power our lives,” says Michael L. Sapir, ProShares founder and CEO. “With ION, there is now an ETF that offers investors an effective way to access companies meeting the soaring demand for batteries and the metals needed to make them.”

Global demand for batteries is expected to grow by 25 per cent annually until at least 2030, according to academic research. ION is designed to give investors access to global companies mining lithium, nickel or cobalt—raw metals that are seeing a surge in demand due to the increase in battery production.

ION tracks the S&P Global Core Battery Metals Index—which is currently made up of 41 companies in more than 15 countries, including Australia, Indonesia, South Africa and China. Many of these companies can be difficult for US retail investors to conveniently access on their own, the firm says.

Latest News

Cerulli Associates, writing in the latest issue of The Cerulli Edge, analyses mutual fund and ETF flows as of December..
BUX, described by the firm as one of Europe’s fastest growing neobrokers, with more than one million users in Europe,..
SIX Swiss Exchange reports that the number of ETFs listed on SIX Swiss Exchange increased by 25 in the fourth..
Ossiam has announced the launch of a new ETF, the Ossiam Shiller Barclays CAPE Global Sector Value, listed on five..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
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