ASX TO FLICK SWITCH ON BATTERY TECH & LITHIUM ETF September 3, 2018

The ASX will flick the switch on a Battery Technology & Lithium themed Exchange Traded Fund on Monday in a development that will both capitalise on, and stoke the growing interest, in electric cars. The Battery Technology & Lithium ETF will trade under the code ACDC in a nod to the firm’s Australian founder Graham Tuckwell and his love of the Australian hard-rock band.

ACDC will contain 28 stocks including four lithium miners. The remaining stocks are battery plays from a list compiled by the US Department of Energy database of companies active in grid-connected energy storage projects. ETF Securities Australia head Kris Walesby said the ETF tracks the Solactive Battery Value-Chain Index, an index already used in Europe by competitor Legal & General for an ETF that launched in 2018 and has attracted $25 million. ETF Securities Australia manages more than $1 billion for local investors.

Among the 28 equally weighted stocks are Tesla, BMW, Nissan, GE, Samsung SDI, NEC, Toshiba, Hitachi Chemical, Sony, Mitsubishi Electric and Orocobre. Mr Walesby noted that with world stores of lithium forecast to last 183 years the number of miners included in the ETF has been capped. ACDC aims to deliver investors with a diversified exposure to the electric vehicle theme in order to offset the wild swings and gyrations that individual stocks like Tesla and lithium miners like Orocobre frequently deliver.

FULL ARTICLE: Graham Tuckwell’s ETF poised to rock ASX

Latest News &
Announcements

All our latest news, speeches, announcements, presentations and media releases from Orocobre Limited. The best way to stay up to date is to sign up for our newsletter.

  • Australia set to be a leader in $1.7 trillion battery industry

    Australia set to be a leader in $1.7 trillion battery industry

    Australia is forecast to be a global leader in a battery storage technology boom which is growing more swiftly than previously predicted. Bloomberg New Energy Finance has predicted batteries will quickly become cheaper than it originally forecast last year, with prices to fall by more 50 per cent through to 2030 as it grows into... View Article
  • Orocobre Market Update Online Briefing

    Orocobre Market Update Online Briefing

    To listen to a recording of Orocobre’s latest webcast briefing, where Managing Director & CEO Mr Richard Seville discusses the Quarterly Activities Report for the period ending 30 September 2018, click on the media player below.
  • Australia’s First 350kW Electric Vehicle Charging Stations Confirmed

    Australia’s First 350kW Electric Vehicle Charging Stations Confirmed

    A network of ultra-fast electric vehicle recharge stations ­powered exclusively by renewable energy will receive $6 million in funding from the Australian Federal Government. 18 stations will be located no more than 200km apart on the main highway that links Brisbane, Sydney, Canberra, Melbourne and Adelaide.

Be the first to know.
Subscribe Now.

We will never sell or share this information to anyone. Privacy Policy
© 2018 Orocobre Limited Pty Ltd