Global X Autonomous and Electric Vehicles

ETF description

This ETF focuses on companies involved in the development and production of electric vehicles (EVs) and the technologies that support them. The fund includes businesses that manufacture EVs, produce the batteries used to power them, and supply essential components like semiconductors and software. As the global push for cleaner energy and reduced carbon emissions grows, electric vehicles are seen as a key part of the transition to a more sustainable transportation system.

For investors who are interested in the future of transportation and sustainability, this ETF offers exposure to a range of companies that are shaping the EV industry. These firms are involved in different aspects of the electric vehicle supply chain, from designing the vehicles themselves to creating the infrastructure needed to support them, like charging stations.

Issuer details

Global X ETFs is a leading provider of specialized thematic and sector‑specific ETFs, with over $50 billion in assets under management as of June 2024. As a subsidiary of Mirae Asset Global Investments, Global X focuses on thematic investing. Founded in 2008 by Bruno del Ama, Global X ETFs is known for its focus on niche and innovative investment themes, allowing investors to access areas of the market experiencing rapid growth and transformation. Notable ETFs include the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global X Lithium & Battery Tech ETF (LIT), reflecting Global X’s commitment to providing exposure to cutting‑edge industries and trends.

Index details

The Solactive Autonomous & Electric Vehicles index tracks the price movements in shares of companies which are active in the electric vehicles and autonomous driving segments. This particularly includes electric vehicle manufacturers, electric vehicle component producers, companies that mine or produce raw materials that are relevant to the electric vehicle and autonomous vehicle technology segment, companies that build autonomous vehicles, and suppliers of autonomous vehicle technologies.