The market is currently in the midst of one of the most impressive rallies in recent history. With that said, now is a great time to consider some niche ETFs. They provide a specific aspect to a portfolio by concentrating on a single industry, while at the same time providing diversification by encompassing a number of companies in that given industry.
Highlighted below are a number of niche ETFs that have showed strong chart characteristics of late.
Global X Funds
The Global X Funds (NYSE: LIT) tracks 35 publicly traded companies that are involved in the exploration, mining or the production of lithium batteries. The top individual holdings include:
- FMC Corp (NYSE: FMC) with a 16.6 percent holding
- Rockwood Holdings, Inc. (NYSE: ROC) making up 14.1 percent of the portfolio
- Sociedad Quimica y ...
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