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....
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For further details see:
KARS: Right EV ETF, Wrong Time