LIT: Lithium ETF, Solid Growth Prospects, Market-Beating Returns, Frothy Valuation

Key Facts

• The Global X Lithium & Battery Tech ETF (LIT) is an equity index ETF focusing on lithium companies, a key beneficiary of the burgeoning EV industry.
• This is because LIT's holdings specialize in lithium mining and lithium battery production, the latter of which is a key component in electric vehicles (EVs), an industry which performs in-line with tech equity indexes.
• As mentioned previously, this is because the fund tends to trade more like a tech fund than a mining fund, due to focusing on EV industry inputs.
• Data by YCharts All of the above is somewhat dependent on market sentiment, and I could see sentiment reversing, and for LIT to start performing like a more normal mining fund.

Click To Read Full Article