Global X Japan has just announced the new launch of the, Global X Autonomous & EV ETF. As the name suggests the fund will track companies in the autonomous and electric vehicle market by following the Solactive Autonomous & Electric Vehicles Index. A quote from the CMO at Solactive states, “With the environmental issues gaining momentum, one of the backbones of the automotive industry will be electric. By 2040, over 60% of all cars are projected to be electric, in line with global carbon net-zero strategies.”
The launch comes at a time when there is a lot of potential for EV and autonomous vehicles so we will have to see how things go.