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. “So it’s lithium, cobalt, nickel, manganese, and even materials like graphite.”
To help investors capture these new producers, Amplify recently launched the actively managed Amplify Advanced Battery Metals and Materials ETF (NYSEArca: BATT).
The Amplify Advanced Battery Metals and Materials ETF tries to provide investors with total return by investing in companies engaged in the mining, exploration, production, development, processing or recycling of the metals and materials being utilized in advanced battery technologies, such as Lithium, Cobalt, Nickel, Manganese and Graphite.