ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Innovative ETFs Channel
  2. EVMT Sees Gains While Other Commodities ETFs Fall
Innovative ETFs Channel
Share

EVMT Sees Gains While Other Commodities ETFs Fall

Elle CarusoDec 08, 2022
2022-12-08

While many commodities ETFs fell in the past five days, the Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT ) continued climbing, largely unfazed.

EVMT is an actively managed ETF that offers access to upstream electric vehicle transition themes by offering exposure to commodities critical to producing electric vehicles. This approach allows investors the ability to focus solely on industrial metals rather than a midstream investment in companies that manufacture batteries and electric vehicles.

EVMT has returned 20.61% in the past three months and 17.25% in the past one-month period. The fund has gained 3.18% in the past five days, compared to the Bloomberg Commodity Index’s decline of -3.21% during the same period.

“EVMT has a short yet strong performance record due to its focus on commodities that will be needed to support the rapidly growing electric vehicle market being spurred on by government incentives,” Todd Rosenbluth, head of research at VettaFi, said. “Most commodity ETFs include exposure to energy and or precious metals not directly connected to global manufacturing.”

EVMT invests in derivatives and other financially linked instruments to gain exposure to metals critical to electric vehicle production. As of December 7, these metals currently include nickel (42.54%), copper (27.55%), aluminum (17.99%), cobalt (6.19%), and iron ore (5.67%), according to Invesco.

The active structure of the ETF gives it the potential to expand both the number and type of metals included in the ETF as electric vehicle production and technology evolve, according to a statement from the firm.

Global “net-zero” efforts should lead to higher demand for industrial metals because metal consumption in renewables is five to seven times higher than traditional power, according to Goldman Sachs’ 2022 outlook: cyclical weakness priced in, structural upcycle remains intact.

For more news, information, and strategy, visit the Innovative ETFs Channel.

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X