Global X announced the latest addition to its ETF product lineup today, rolling out a fund designed to offer investors exposure to one of the world’s most important metals. The Global X Lithium ETF (LIT) will seek to replicate the Solactive Global Lithium Index, a benchmark designed to reflect the performance of companies across the globe that are primarily engaged in any part of the lithium industry including; mining, exploration, and lithium-ion battery production. “The Global X Lithium ETF is an efficient way to invest in what we refer to as a “green” commodity because of its direct correlation to the renewable energy market such as electric cars and energy storage,” said Bruno del Ama, CEO of Global X Funds see our recent interview with Bruno At The Bottom Of The Page.

Boom Continues

This new addition of LIT continues the trend of the booming commodity producer ETF segment. As investors have looked for other ways to achieve commodity exposure beyond more traditional strategies such as with physically backed funds like GLD or futures-based strategies such as UNG– instead, investors have embraced a form of “indirect” commodity exposure in the form of equities.

LIT joins about 20 other ETFs in the Commodity Producer Equities ETFdb Category that offer investors a way to establish exposure to prices of commodities through stocks of companies engaged in their discovery, extraction, refining, and sale. That list of ETFs includes both broad-based funds (such as HAP) as well as more targeted ETFs focusing on miners of gold (GDX, GDXJ), silver (SIL), copper (COPX), and platinum (PLTM). As this sector continues to expand, investors are gaining access to more commodities that might not lend themselves to a physical replication strategy or a futures-based fund also see MiningETFs: Ready To Rally?.

http://www.wikinvest.com/wiki/US:LIT

Bruno del Ama is the CEO of Global X Management, the New York-based ETF issuer behind several of the innovative exchange-traded products to hit the market in recent months, including the first ETFs offering investors exposure to Colombia and the Nordic region and the first sector-specific China ETFs. He recently took time out of his busy schedule to talk about China, ETF innovation, and more with ETF Database.