Global X Lithium & Battery Tech ETF
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Global X Lithium ETF (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Lithium Index (the Index). The Index is free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure broad based equity market performance of global companies involved in the lithium industry, as defined by Structured Solutions AG. The Fund will normally invest at least 80% of its total assets in the securities of the Index and in depositary receipts based on the securities in the Index. The Fund will concentrate its investments (will hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Index is concentrated. The Index is sponsored by Structured Solutions AG, the index provider. The Fund’s investment adviser is Global X Management Company LLC.
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What is LIT ETF?
LIT is about lithium, and lithium is lit. This material makes up many of the batteries we rely on for power on the go. LIT is also known as the Global X Lithium & Battery Tech ETF – it's an Exchange Traded Fund actively managed by Global X.
Nearly half the companies within LIT invest in the complete lithium cycle, from mining and refining to eventually lithium battery production. Other companies within LIT are from the information technology and consumer discretionary sectors and have economic ties to the lithium industry.
Through LIT, Global X aims to provide shareholders with long-term capital growth. The LIT ETF share price generally corresponds with the performance of the Solactive Global Lithium Index.
What is lithium used for?
Lithium has many industrial applications. It goes into glass and ceramics to make them more heat resistant. When mixed with aluminium, it lowers its density but increases its stiffness. And it is used in medications to treat depressive and bipolar disorders.
Seen as crucial to a transition to greener energy, lithium has also been increasingly used in lithium disposable batteries and lithium-ion rechargeable batteries by manufacturers. These batteries are used in electric vehicles (EVs), mobile devices and as renewable energy storage.
Demand for lithium is growing fast. According to the International Energy Agency (IEA), the amount of EVs (excluding two/three wheelers) will rise from 11 million in 2020 to almost 145 million by 2030.
Which companies make up LIT ETF?
As of March 2022, there are 42 holdings within the LIT ETF, including Tesla, BYD, Minerals Resources, Samsung and Pilbara Minerals.
See the complete list of the LIT ETF holdings.
Is LIT actively managed?
Yes, LIT is actively managed and rebalanced by Global X.
Can you invest in lithium on a commodities exchange?
No. Unlike other industrial metals such as gold, palladium, copper and aluminium, lithium has no exchange-traded futures and cannot be traded as a commodity.
Is LIT the best way to invest in lithium?
This depends on whether you want to purchase shares in companies that process or mine lithium individually. If you do, LIT may not be the option for you.
However, if you want exposure to a wide variety of lithium companies without needing to buy a pile of individual stocks, LIT may be an appropriate addition to your portfolio.
LIT has high growth potential as lithium is seen by experts as necessary for a cleaner, greener future.
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This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.
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