ION Profile
The ProShares S&P Global Core Battery Metals ETF is designed to provide investors with targeted exposure to companies involved in the mining of key battery metals, specifically lithium, nickel, and cobalt. The ETF tracks an index that includes companies demonstrating positive total revenue and production value from mining these essential materials. The production value reflects the dollar market value of the lithium, nickel, or cobalt produced by these companies, capturing their role in the burgeoning battery metals sector.
Under normal market conditions, the fund commits to investing at least 80% of its net assets, including any borrowings for investment purposes, in the securities that are constituents of its underlying index. This focus ensures that the ETF's holdings are closely aligned with the performance of companies engaged in the extraction and production of critical battery metals. The concentration on these core sectors aims to provide investors with a strategic advantage in accessing the growth potential associated with the increasing demand for electric vehicles (EVs) and renewable energy technologies.
The underlying index for the ETF selects companies based on their revenue and production contributions from lithium, nickel, and cobalt mining. These metals are crucial for the production of batteries used in electric vehicles, consumer electronics, and renewable energy storage solutions. As global demand for cleaner energy and advanced technology continues to rise, the index reflects the economic value and market significance of these mining companies. By investing in this ETF, investors gain exposure to the critical materials driving technological advancements and the transition to a more sustainable energy future.
Managed by ProShares, the ETF benefits from the firm's extensive experience in developing investment products that focus on niche sectors. ProShares' expertise in leveraging market trends is reflected in the ETF's design, which aims to capture growth opportunities in the battery metals industry while managing investment risks. For investors looking to capitalize on the expanding market for battery technologies, this ETF offers a focused investment option that aligns with their long-term financial goals and sector-specific interests.
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