The ETF will address opportunities in the automotive industry, which is going through rapid and disruptive change from autonomous and electric vehicles.

Global X Japan has launched the Global X Autonomous & EV ETF on the Tokyo Stock Exchange (TYO: 2867). The thematic ETF targets opportunities in the rapidly evolving automotive industry due to the disruption of the internal combustion engine by autonomous and electric modes of transport. (Mondo Visione)

Global X Autonomous & EV ETF

The new ETF tracks the Solactive Autonomous & Electric Vehicles Index, which offers exposure to automotive players that are or are expected to soon be active in the electric vehicles and autonomous driving segments.

According to statista, the global autonomous car market, which was valued at over 27 billion U.S. dollars in 2021, is expected to grow to a size of nearly 62 billion U.S. dollars in 2026.

According to BNEF, the size of the electric vehicle market opportunity between today and 2050 in the Economic Transition Scenario is $53 trillion.

The rapid growth in the transformed automotive industry is likely to present with lucrative investment opportunities, which is the theme of this ETF.

Fundspeak

Timo Pfeiffer, Chief Markets Officer at Solactive, says: “With the environmental issues gaining momentum, one of the backbones of the automotive industry will be electric. By 2040, over 60 per cent of all cars are projected to be electric, in line with global carbon net-zero strategies.”

“On top of that, autonomous cars are just around the corner. The global market is expected to grow from USD 27 billion in 2021 to USD 62 billion in 2026. We are very honoured that Global X Japan saw these opportunities and chose us to launch such a cutting-edge product that cocoons the vast potential of the automotive industry in the years to come.”

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