Targeted Mining ETFs that Benefit from Electric Vehicle ESG March 7, 2021
A rare earth miner-related exchange traded fund was among the hardest hit on Friday, but the sector has enjoyed a stellar run on the heels of renewed interest in clean energy technologies.
The
VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) fell 3.1% on Friday, testing its short-term support at the 50-day simple moving average. REMX has increased 20.6% year-to-date and has advanced 128.2% over the past year.
Rare earth miners and uranium producers have enjoyed the flood of new money going into electric vehicles and environmental, social, and governance investment themes, Bloomberg reports.
(Bloomberg) One of the most adored sectors of the $5.7 trillion exchange-traded fund industry was also one of the hardest hit as technology stocks plunged last week.Funds focused on specific market niches raked in piles of cash in the first two months of the year, a trend that’s poised to rapidly accelerate, according to a new survey. A whopping 80% of global ETF investors plan on increasing their exposure to so-called thematic ETFs this year, Brown Brothers Harriman & Co. found in their annual report released Monday.Such products attracted more than $32 billion in January and February, by far their best start to a year, according to data compiled by Bloomberg. Cathie Wood’s actively-managed funds at Ark Investment Management have revolutionized the thematic space, gaining fans among both institutional and retail traders. As new investors flood the market, ETFs based on understandable and relatable narratives continue to win fresh money.“They’re seein