Global X Autonomous & Electric Vehicles ETF (DRIV) ETF Bio
The investment objective of the Global X Electric Vehicles & Autonomous Vehicles ETF seeks to use algorithms to pick companies that “are involved in the development of electric vehicles and/or autonomous vehicles, including those that make components for those cars and those that provide services for them. The fund then grades companies based on their exposure to three categories: electric vehicles, electric vehicle components and autonomous vehicle technology. Companies that receive the highest ratings (i.e. are the most exposed) are then dropped into the index, with 15 companies taken from the electric vehicles category, 30 from components and 30 from technology.