Targeted Mining ETFs that Benefit from Electric Vehicle ESG
March 7, 2021
A rare earth miner-related exchange traded fund was among the hardest hit on Friday, but the sector has enjoyed a stellar run on the heels of renewed interest in clean energy technologies.
The
VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) fell 3.1% on Friday, testing its short-term support at the 50-day simple moving average. REMX has increased 20.6% year-to-date and has advanced 128.2% over the past year.
Rare earth miners and uranium producers have enjoyed the flood of new money going into electric vehicles and environmental, social, and governance investment themes, Bloomberg reports.