The ACDC ETF has been frustrating of late as we’ve watched Australian lithium stocks like Pilbara (PLS) soar to new highs – the ETF’s position in Tesla (TSLA) certainly hasn’t helped its performance. However, we still have faith in the theme moving into 2023 and believe it will ultimately regain its mojo over the coming weeks/months i.e. we see no reason to exit this holding.
- We remain committed to this “new energy” position which is likely to be volatile but in our opinion it’s ,simply the future.
- Importantly we don’t believe it’s stretched from a valuation perspective around current levels although it’s something to watch out for in this “hot” new theme.
MM still, likes the ACDC ETF targeting a break of $100
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