Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • 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
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. This Week’s ETF Launches: Global X Hits the Gas on New Driverless & Electric Vehicles ETF
News
Share

This Week's ETF Launches: Global X Hits the Gas on New Driverless & Electric Vehicles ETF

David DierkingApr 25, 2018
2018-04-25

The driverless car revolution is the “next big thing” in tech, so it’s no surprise that the ETF world has jumped on the trend.

The autonomous and electric vehicles are still in their nascent stages, so there’s very little in the way of pure plays in the space. However, that didn’t stop Global X from becoming the third ETF provider to bring a new fund to the market.

Here are this week’s new fund launches:

TickerNameIssuerLaunch DateETFdb.com CategoryExpense Ratio
(CGVIC)Causeway Global Value NextSharesCauseway Capital Management LLC04/13/2018Global Equities1.05%
(CIVEC)Causeway International Value NextSharesCauseway Capital Management LLC04/13/2018Foreign Large-Cap Equities1.05%
(DRIV)Global X Autonomous & Electric Vehicles ETFGlobal X04/13/2018Technology Equities0.68%
(UBOT) Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X SharesDirexion04/19/2018Leveraged Equities0.95%

For a list of all new ETF launches, take a look at our ETF Launch Center.


Content continues below advertisement

The Latest Autonomous and Electric Car ETF

The Global X Autonomous & Electric Vehicles ETF (DRIV) hits the road this week. It looks to invest in companies that are involved in the development or production of the components and technology that go into the AV/EV industry. This may include not only the vehicles themselves, but also the software, batteries and materials that would go into those vehicles. The driverless and electric vehicle industry is in its very early stages, but growth is expected to ramp up quickly over the next couple of decades. It’s estimated that in 2040, more than 50% of new vehicles sold will be electric and that autonomous vehicle sales, according to IHS Markit, will top 33 million.

Top holdings for the fund currently include Microsoft (MSFT), Samsung, Intel (INTC) and Toyota. Its 0.68% expense ratio puts it right in line with its two peers, the KraneShares Electric Vehicles & Future Mobility ETF (KARS) and the Innovation Shares NextGen Vehicles & Technology ETF (EKAR).

For more ETF news and analysis, subscribe to our free newsletter.

Causeway Joins the NextShares Lineup

The NextShares funds are a group of exchange-traded managed funds (ETMFs) that cover both equity and fixed income, both domestically and around the world. This week, the roster expands by two with the addition of the Causeway Global Value NextShares (CGVIC) and the Causeway International Value NextShares (CIVEC).

ETMFs are considered a hybrid between mutual funds and ETFs. They combine the quarterly reporting structure and confidentiality of mutual funds with the tax efficiency of ETFs. In defining value, the fund managers look for companies with low P/E ratios relative to their sector, high yields relative to the overall market, low price-to-book and price-to-cash-flow ratios.

Click here to learn more about ETMFs and their differences with ETFs.

Triple-Leveraging the Robotics Space

The robotics and artificial intelligence theme has been one of the market’s hottest trends over the past year and a half. Direxion has an endless lineup of leveraged and inverse funds, and it now adds the Direxion Robotics, Artificial Intelligence and Automation Index 3X Bull Shares ETF (UBOT) to the lineup. It looks to deliver 300% of the daily price performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index.

According to the provider, the index targets exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence, including companies involved in developing industrial robots and production systems, automated inventory management, unmanned vehicles, voice/image/text recognition, and medical robots or robotic instruments. The underlying index currently has approximately 46% of assets in industrial stocks, 40% in technology stocks and the balance in healthcare stocks.

The Bottom Line

Some of the economy’s hottest trends – driverless cars, robotics and artificial intelligence – all get some love from the ETF industry. The Autonomous & Electric Vehicles ETF will probably capture the most buzz, but it’s little more than a broad tech ETF at this point in the industry’s life cycle. Leveraged ETFs usually follow successful market trends, so it isn’t surprising that we see the robotics and AI space get the leveraged treatment. The NextShares lineup is up to 17 different funds managing roughly $150 million, demonstrating that there’s a burgeoning market for less traditional hybrid investment products.

Sign up for ETFdb.com Pro and gain access to more than 50 all-ETF model portfolios, each of which is backed by an unique investment thesis.

» Popular Pages

  • Tickers
  • Articles

May 26

This ETF Gives Exposure to the Next Gen Nasdaq Leaders

May 26

Innovator Offers Upside With a Floor on Downside Risk

May 26

A Guide to the Advantages, Tradeoffs, and Risks of TIPS

May 26

Pacer’s Cash Cows Milk $6 Billion From Its Investors

May 26

SATO and BLKC Impacted as Bitcoin Miners Rebound

May 26

There's More to Crypto than Just Currency

May 26

Sentiment for Bonds Could Improve: An ETF to Consider

May 26

BondBloxx Launches 3 High Yield Corporate Bond ETFs

May 26

Surprising Bond Segment Can Help Fixed Income Investors

May 26

GINN Increases as Major U.S. Indexes Rally

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

ARKK

ARK Innovation ETF

VTI

Vanguard Total Stock Market...

XLE

Energy Select Sector SPDR...

WEAT

Teucrium Wheat Fund

DBA

Invesco DB Agriculture Fund

TQQQ

ProShares UltraPro QQQ


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
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
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X