The exchange traded fund (
) market is booming, and with it, we are seeing an increasing
number of ETFs that track specialized market niches.
is one such provider that offers specialized funds, and their
lineup will continue to expand with a slew of interesting ETFs.
Roger Nusbaum of Random Roger notes that
Global X has filed for several new and interesting ETFs. These
include the Global X Aluminum ETF, Lithium ETF, Uranium ETF, Food
ETF, Shipping ETF, Waste Management ETF and most obscure of them
all, the Fishing ETF.
Roger's initial take on these funds are as follows:
- The Aluminum ETF could be quite volatile.
- It will be interesting to see what stocks are included in the
Lithium ETF- most of the world's lithium supply comes from Latin
America's Sociedad Quimica y Minera (
). It will also be interesting to see whether this fund is more
or less volatile than what is likely to be its largest holding,
- Cameco (NYSE:
) will likely be a top holding in the Uranium ETF. Like the
Lithium ETF, it will be interesting to see how volatile this fund
- Depending on the direction, the Food ETF will either be a
staples fund or a materials fund. If it is the former, the fund
could be a good way to increase exposure to this area of emerging
markets, which does not have many choices to choose from.
- The Shipping and Waste Management ETFs are existing concepts,
but there has been investor interest.
- The Fishing ETF could provide a different way to make a play
on the "citizens eating more protein" theme in emerging
Sumin Kim contributed to this article.
Global X Files for Aluminum and Lithium ETFs (and More)