ETFWorld.co.uk : One of the most important changes in the coming years (which is already partly materialising) is that of electric mobility.
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The fuelling of vehicles, in particular, will shift from fossil fuels to sustainable energy sources, in particular those derived from electricity.
This will require new transport infrastructure and new vehicle technologies.
The performance of the Nasdaq Global Future Mobility index demonstrates the importance of this important development related to transport modes: the quotations are in fact within a solid medium-term bullish trend, which began in October 2022 when a low of 905 points was reached.
From this last level, a strong ascent then began, which pushed prices up to a peak of 1,717 points.
Quantitative analysis confirms the presence of a solid up-trend, with the main directional indicators in a long position.
Only the strong short-term overbought can prevent a further extension (which will have a first target near 1,750 and a second target in the 1,780-1,785 points area) and trigger a physiological consolidation pause.
It is difficult for now to hypothesise a bearish trend reversal: from a graphical point of view, in fact, only a descent below 1,550 points could provide a sign of weakness.
The following ETFs can be used to invest in this sector:
iShares Electric Vehicles Technology, ISIN IE00BGL86Z12. It is an ETF with €615m in assets under management, which provides for sampling replication of the underlying (i.e. buying only the most important components of the STOXX Global Electric Vehicles & Driving Technology index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.40% per annum.
Lyxor MSCI Future Mobility, ISIN LU2023679090. It is an ETF with €224m in assets under management, which provides for the total physical replication of the underlying (consisting of the MSCI ACWI IMI Future Mobility ESG Filtered index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.45% per annum.
Xtrackers Future Mobility, ISIN IE00BGV5VR99. This is an ETF with assets under management of EUR 144 mln, which provides for the total physical replication of the underlying (represented by the Nasdaq Global Future Mobility index) and which adopts an accumulation policy (with dividends being reinvested within the fund). The total expense ratio (TER) is 0.35% per annum.
Copyright DMF New Media – ETFWorld.co.uk
Reproduction prohibited in any form, even partial
Disclaimer
The contents of these notes and the opinions expressed should in no way be regarded as an invitation to invest. The analyses do not constitute a solicitation to buy or sell any financial instrument.The purpose of these notes is financial analysis and investment research. Where recommendations are made, they are of a general nature, are addressed to an indistinct audience and lack the element of personalisation. Although the result of extensive analysis, the information contained in these notes may contain errors. Under no circumstances can the authors be held liable for any choices made by readers on the basis of such erroneous information.erroneous information. Anyone deciding to carry out any financial transaction on the basis of the information contained in the site does so assuming full responsibility.
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