ION
ProShares S&P Global Core Battery Metals ETF
📎 Investment Objective
The ProShares S&P Global Core Battery Metals ETF (ION) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P Global Core Battery Metals Index.
Overview
ETF tracking ProShares S&P Global Core Battery Metals ETF
Performance
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Investment Summary
📎 Investment Objective
The ProShares S&P Global Core Battery Metals ETF (ION) seeks to provide investment results that, before fees and expenses, correspond to the performance of the S&P Global Core Battery Metals Index.
🎯 Investment Strategy
The fund invests in a portfolio of global companies involved in the production, refinement, and supply of battery metals like lithium, cobalt, and nickel. The fund's holdings are weighted based on their relative importance in the battery metals supply chain.
✨ Key Features
- Provides exposure to a diversified portfolio of global battery metals companies
- Tracks the S&P Global Core Battery Metals Index, which is designed to measure the performance of the global battery metals industry
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on a specific industry sector
- Exposure to global markets and currencies, which can increase volatility
- Potential for increased risk due to the fund's narrow investment focus
- Limited performance history makes it difficult to evaluate long-term returns
👤 Best For
This ETF may be suitable for investors seeking exposure to the global battery metals industry as part of a diversified portfolio. However, due to the fund's narrow focus and limited track record, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.