The Kensho Smart Mobility ETF includes companies whose products and services are engaged in smart transportation, which includes the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systems. XKST may provide exposure to companies involved in the significant changes underway in how people and goods will be transported in the near future.

XKST “seeks to capture the entire range of companies whose products and services are spurring advances in smart transportation, including those involved in autonomous vehicles, shared mobility and drones for commercial and civilian usage,” said State Street.

The ETF holds 35 stocks from 15 industry groups. Semiconductor and automobile manufacturers combine for almost a third of the fund’s weight. XKST is flat since inception. The ETF charges 0.45% per year, or $45 on a $10,000 investment.

For more information on new fund products, visit our new ETFs category.