Today is the first day of trading for the Global X Lithium ETF (LIT). Global X hopes to take...

|About: Global X Lithium ETF (LIT)|By:, SA News Editor

Today is the first day of trading for the Global X Lithium ETF (LIT). Global X hopes to take advantage of rapidly growing demand for lithium batteries in hybrid and electric cars. According to the press release (pdf), 51% of the fund will be made up of battery manufacturers, with the remaining 49% made up of lithium miners and refiners. LIT will charge 0.75%; it has 20 components.