RE: We need The Investor Relations PeopleMorgan Stanley
Lithium ETF Gets a Lift
Source: ETF Trends, Tom Lydon (6/13/11)
"Global X Lithium ETF rises after Morgan Stanley upgrade."
ETF Trends, Tom Lydon
Anexchange traded fund that invests in companies that are active in theexploration and mining of lithium and battery producers (Global XLithium ETF) rose on Monday following an upgrade at Morgan Stanley.
"Demandfor lithium has increased dramatically in recent times, and investmenthere will require a strong positive thesis for sustained demand increasegoing forward," Morningstar says in a profile of the fund. "Lithium is acommodity, a rare earth metal, but investors should understand themechanics of this fund before attempting to use [the ETF] as a proxy forspot lithium."
Unlike some other commodity ETFs, the lithium fund invests in stocks rather than physical lithium or futures contracts.
"Lithiumis used almost exclusively for industrial purposes, and its price will,thus, fluctuate with industrial activity," according to the profile.