You don’t need to be a fan of cars to know that electric vehicles (EVs) are gaining popularity.
A common sight on Singapore’s roads is the diminutive BlueSG electric car, while American electric car maker Tesla (NASDAQ: TSLA) launched its Singapore operations in early 2021.
The famous electric car manufacturer recently opened a dedicated showroom at Millenia Walk.
With EVs gaining widespread popularity globally, it is little wonder that investors see a lucrative investment opportunity in this space.
Jumping on this bandwagon is Nikko Asset Management (Nikko AM).
The Japanese fund manager has announced that it will list the brand-new NikkoAM-StraitsTrading MSCI China Electric Vehicles and Future Mobility ETF.
Aiming to replicate the MSCI China All Shares IMI Future Mobility Top 50 Index, the ETF contains 50 Chinese companies in the business of energy storage, autonomous vehicles, shared mobility, and new transportation methods.
The ETF debuted on the Singapore Exchange (SGX: S68) on 20 January 2022....