Global X Lithium ETF (LIT)
Inception Date: July 22, 2010Net assets: $126 million
This fund holds 22 stocks of battery-makers abnd miners of lithium, a metal used in rechargeable batteries. The goal is to profit from the growing need for alternative energy sources. But as Morningstar’s Strauts notes, the top three holdings in the fund are actually chemical companies that only see a portion of their earnings come from lithium. “ETFs must stick to publicly traded securities,” Strauts writes, “and sometimes there is no good way to invest in certain investment themes in the public markets.”
