Defiance ETFs runs the Solactive Pure U.S. Electric Vehicle ETF — which is also known as the Pure EV Index fund.
Tesla is the top holding for many electric vehicles ETFs after gaining more than 98% so far this year.
Other EV ETFs including Global X autonomous & electric vehicles ETF and KraneShares Electric Vehicles & Future Mobility ETF have holdings in companies that produce EV components or are tech-related.
However, the Pure EV Index fund is composed of only the five largest market-cap EV makers: Tesla , Nio , Rivian, Li Auto and Xpeng .
The Pure EV Index fund's total net assets are currently $5.1 million.
Persons:
It's, Sylvia Jablonski, CNBC's, Tesla, Li Auto, Jablonski
Organizations:
Electric, ETF, Apple, Microsoft, Nvidia, Global, KraneShares Electric Vehicles, Future Mobility