DRIV won’t be the first ETF targeting the electric/autonomous vehicle space. In fact, it’ll be the third, after the KraneShares Electric Vehicles & Future Mobility ETF (KARS) launch on January 18th and the Innovation Shares NextGen Vehicles & Technology ETF (EKAR) debut on February 13th. You could probably make the argument that the SPDR Kensho Smart Mobility ETF (XKST) was the first, but its objective reaches beyond just autonomous vehicles and into areas, such as drone technologies and transport optimization systems.
This article has been republished with permission from Dave Dierking.