Global X Battery Tech and Lithium ETF (ACDC) $91.11

The ACDC is looking good, like its namesake, the Australian rock band whose average age is +70, but their tickets for their Australian Tour this year still sold out in a few hours! The ACDC ETF aims to track the Solactive Battery Value-Chain Index. Of the thirty-nine stocks held, of the largest five, only one, Liontown Resources (LTR), is ASX traded, with most position sizes around 3%. From a geographical perspective, it holds 18.4% in Japan, 14.5% in the US, 11% in Germany, with Australia 5^th at 8.6% – a truly global ETF.

• The MVR ETF has an ok 0.69% expense ratio considering its diverse international holdings and tracks its benchmark extremely well; for example, over the last 3 years, the ACDC has advanced by 10.7% while its benchmark has gained 10.9%, fairly impressive considering its unhedged.

The ACDC ETF offers local investors the opportunity to invest in a very ESG-focused ETF that should capture much of the future clean energy transition. The positive news in last night’s US tax bill was positive for renewable energy, with many stocks in the space rallying 8-10%.

• We like the ACDC, seeing a potential aggressive breakout on the upside in the weeks/months ahead.