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Global X Funds Launches Globe’s First Green Lithium ETF

Editorial Checklist

Reviewed

Jul 27 2010

Global X Funds, a leading New York-based exchange-traded funds (ETF) provider, has launched the first Lithium ETF in the world. It is the first of its kind in offering investors targeted access towards a resource industry that is critical for renewable energy as well as green movement.

Lithium happens to be the lightest of metals. When compared with other materials, efficiency in electric energy storage in Lithium is much better.

Due to its direct correlation with the renewable energy markets such as energy storage and electric cars, the Global X Lithium ETF represents an efficient way for making investments. The ETF does the tracking of Solactive Global Lithium Index that has been designed for reflecting on the performance of the biggest and the most liquid lithium battery refining, mining and producing firms in the world. The top three companies in this category are Rockwood Holdings and FMC Corporation, which are U.S.-based and SQM which is Chile-based.

Source:

http://www.globalxfunds.com

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