|Bid||0.00 x 100|
|Ask||0.00 x 1200|
|Day's Range||13.56 - 13.59|
|52 Week Range||0.25 - 20.40|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.00%|
Finish Line hosts Ryan McQueeney and Maddy Johnson speak to Amplify ETFs CEO Christian Magoon about the growing battery industry and a recently launched fund that gives investors direct exposure to the space.
As technology advances, the materials needed to support new products now include more exotic strategic metals. Investors who are interested in capturing this new segment can look to a relatively new ETF that provides exposure to a more modern materials space. "There's a modern day gold rush, and it is really happening in these metals that many people haven't heard about before," Christian Magoon, CEO of Amplify ETFs, said at the 2018 Morningstar Investment Conference.
Rare earth metals like lithium and cobalt have been among the hottest commodities in recent years, but there are no actively traded contracts to help negotiate efficient pricing, adding to volatility in related lithium ETFs that track companies dealing with these metals. For instance, the Global X Lithium & Battery Tech ETF (LIT) , which tracks the full lithium cycle from mining and refining through battery production, has declined 13.7% year-to-date. Market weakness has also negatively affected the recently launched Amplify Advanced Battery Metals and Materials ETF (BATT) , which includes companies involved in the production of advanced battery technologies, such as lithium and cobalt.
There has been a sweeping shift in the vehicle industry from internal combustion engines to electric-powered. Bet on this evolving trend with these ETFs.
Amplify recently launched the actively managed Amplify Advanced Battery Metals and Materials ETF (NYSEArca: BATT) , which has a 0.72% expense ratio. The portfolio is managed by Michael Venuto, Chief Investment Officer at Toroso, and Charles A. Ragauss, Director of Product Management at Exponential ETFs. “The recent boom in battery-powered electric vehicles, smart devices and large-scale energy storage solutions may be the tip of the iceberg for this investment opportunity,” Christian Magoon, CEO of Amplify ETFs, said in a note.