Invesco has just announced the launch of the Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). The fund will follow futures contracts connected to copper, aluminum, cobalt, nickel, zinc, and iron ore with the goal of giving investors access to the transitioning market of EV’s. There are a few EV ETFs already but EVMT will be the first to track the metals rather than manufacturers and miners.
Invesco ETF – Invesco Electric Vehicle Metals Commodity Strategy
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ETF Newz Says:
Popularity and concern for the metals of EV’s has gone up tremendously recently and with the conflict in Ukraine the fear of a shortage has been a possibility, further driving the price for the metals.