ALB - REMX: This Rare Earth And Metals ETF Appears Poised For A Breakout
2024-04-11 22:10:52 ET
Summary
- VanEck Rare Earth/Strategic Metals ETF offers diversification in rare earth, lithium, and other strategic metals companies.
- The ETF has seen poor returns in the past few years, but there is potential for a rebound in lithium and rare earth prices.
- China's improving economy and growing demand for strategic metals could drive the rebound of the ETF.
VanEck Rare Earth/Strategic Metals ETF ( REMX ) has many top tier rare earth, lithium and other strategic metals companies in its portfolio. These types of companies tend to offer higher risk and higher reward, so I like the fact that investors are getting some diversification. When you buy this ETF you are betting on the sector rather than taking on the risk of investing in a single stock, along with the downside risks that this comes with. This ETF has about $354 million in assets under management, and an expense ratio of .54%. It has a 30-day SEC yield of 2.2%....
REMX: This Rare Earth And Metals ETF Appears Poised For A Breakout