The ACDC has surged along with the lithium sector, punching over +85% higher from its June low. This ETF provides excellent broad-based global exposure to the Solactive Battery Value-Chain Index for 0.69% pa. The ETF has performed strongly over the last year, gaining 64%, just above the index’s 63% move. Importantly, in this volatile space, the ETF provides diversification across 39 stocks, with the largest position 5.3% in SolarEdge Technologies, with global exposure also spread widely from 17% in the US, 16% Japan, 12% Australia, to 10% in South Korea and 8% China.
This is an excellent ETF to gain simple exposure to the global view that lithium names and battery tech stocks will continue to run with the “AI Trade”.
- We can see the ACDC consolidating recent gains, but the bullish trend is strong.