ION invests in firms that will profit from the mining of lithium, nickel or cobalt
BETHESDA, Md.–(BUSINESS WIRE)–ProShares, a premier supplier of ETFs, right this moment launched ProShares S&P World Core Battery Metals ETF (ION), the primary ETF to take a position solely in firms mining battery metals. These firms provide the uncooked metals wanted to energy the batteries used within the rising variety of electrical automobiles, laptops, smartphones and vitality storage units.
“An vitality revolution is underway that’s remodeling the way in which we energy our lives,” mentioned Michael L. Sapir, ProShares founder and CEO. “With ION, there may be now an ETF that gives traders an efficient strategy to entry firms assembly the hovering demand for batteries and the metals wanted to make them.”
World demand for batteries is predicted to develop by 25% yearly till at the very least 2030, in accordance with tutorial analysis.1 ION is designed to present traders entry to international firms mining lithium, nickel or cobalt—uncooked metals which might be seeing a surge in demand as a result of enhance in battery manufacturing.
ION tracks the S&P World Core Battery Metals Index—which is at present made up of 41 firms in additional than 15 international locations, together with Australia, Indonesia, South Africa and China. Many of those firms may be troublesome for U.S. retail traders to conveniently entry on their very own.
ION joins the ProShares thematic ETF lineup, complementing a bunch of funds that characteristic the appliance of know-how and innovation, such because the S&P Kensho Cleantech ETF (CTEX), the DJ Brookfield World Infrastructure ETF (TOLZ), the ProShares On-line Retail ETF (ONLN) and the ProShares Metaverse ETF (VERS). The agency additionally launched the ProShares Bitcoin Technique ETF (BITO) in 2021, which is the world’s largest cryptocurrency ETF.
ProShares has been on the forefront of the ETF revolution since 2006. ProShares now presents one of many largest lineups of ETFs, with practically $60 billion in property. The corporate is a frontrunner in methods similar to dividend progress, rising charges, thematics, crypto, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with merchandise that present strategic and tactical alternatives for traders to handle threat and improve returns.
1 A Overview on Battery Market Tendencies, Second-Life Reuse, and Recycling, Analysis and Markets: World Battery Market Report 2020-2027, March 2021.
Holdings are topic to vary.
Investing entails threat, together with the attainable lack of principal. This ProShares ETF is topic to sure dangers, together with the chance that the fund might not observe the efficiency of the index and that the fund’s market worth might fluctuate, which can lower efficiency. Please see abstract and full prospectuses for a extra full description of dangers.
Firms engaged in battery metals mining are topic to varied dangers, together with: adjustments within the provide of and demand for battery metals; worth adjustments ensuing from inflation and inflation expectations; provide chain and different disruptions as a consequence of altering world occasions, financial circumstances and political dangers; forex fluctuations; regulatory and legislative scrutiny of the environmental affect of battery steel mining; and dangers related to the event of mineral deposits.
The index theme is probably not the first driver of firm, index or fund efficiency. Firms within the index might have vital unrelated enterprise strains, which might have a big unfavorable affect on firm, index and fund efficiency.
Investments in non-U.S. securities might contain dangers completely different from U.S. securities, together with dangers from geographic focus, variations in valuation and valuation occasions, unfavorable fluctuations in forex, variations in usually accepted accounting ideas, and from financial or political instability.
Investments in rising markets usually are much less liquid, extra unstable and riskier than investments in additional developed markets and are thought-about to be speculative.
Investments in smaller firms usually exhibit increased volatility. Small- and mid-cap firms might have restricted product strains or assets, could also be dependent upon a specific market area of interest and will have better fluctuations in worth than the shares of bigger firms. Small- and mid-cap firms might lack the monetary and personnel assets to deal with financial or industry-wide setbacks and, consequently, such setbacks might have a better impact on small- and mid-cap safety costs.
This ProShares ETF is non-diversified and concentrates its investments in sure sectors. Non-diversified and narrowly centered investments usually exhibit increased volatility.
Shares of any ETF are usually purchased and bought at market worth (not NAV) and will not be individually redeemed from the fund. Brokerage commissions will cut back returns.
Fastidiously think about the funding targets, dangers, prices and bills of ProShares earlier than investing. This and different data may be discovered of their abstract and full prospectuses. Learn them rigorously earlier than investing. Get hold of them out of your monetary skilled or ProShares.com.
There isn’t a assure any ProShares ETF will obtain its funding goal.
The “S&P World Core Battery Metals Index” is a product of S&P Dow Jones Indices LLC and its associates and has been licensed to be used by ProShares. “S&P®” is a registered trademark of Customary & Poor’s Monetary Companies LLC (“S&P”) and “Dow Jones®” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed to be used by S&P Dow Jones Indices LLC and its associates. ProShares haven’t been handed on by S&P Dow Jones Indices LLC and its associates as to their legality or suitability. ProShares based mostly on the “S&P World Core Battery Metals Index” will not be sponsored, endorsed, bought or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective associates, and so they make no illustration relating to the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.
ProShares ETFs (ProShares Belief and ProShares Belief II) are distributed by SEI Investments Distribution Co., which isn’t affiliated with the funds’ advisor or sponsor.
Tucker Hewes, Hewes Communications, Inc., 212.207.9451, email@example.com
ProShares, 866.776.5125, ProShares.com