DRIV - KARS: Right EV ETF Wrong Time
2024-02-16 18:41:40 ET
Summary
- KARS is an electric vehicle ETF that focuses on companies involved in EV production, components, and materials.
- The EV market is growing rapidly, but took a step back in 2023.
- However, the near-term outlook for the EV industry is pessimistic due to factors such as low economic sentiment and high prices.
The KraneShares Electric Vehicles and Future Mobility Index ETF ( KARS ) invests in companies whose businesses involve the production of electric vehicles and/or components parts of those vehicles. This includes a wide variety of stocks, from vehicle production, autonomous driving, lithium, copper, and battery production, and electric vehicle infrastructure. The fund is passively managed and tracks the Bloomberg Electric Vehicles Index....
KARS: Right EV ETF, Wrong Time