" class="no-js "lang="en-US"> Wombat Offers UK Investors Access to Booming Global Battery Market
Thursday, March 28, 2024

Wombat Offers UK Investors Access to Booming Global Battery Market

Micro-investing platform Wombat is offering investors the opportunity to plug into the booming battery market with the launch of its latest theme-based ETF.

‘The Battery Boom’ fund offers exposure to companies capitalising on the growth in the adoption of battery and energy storage solutions.

Advancements in battery technology are being fuelled by the increasing adoption of electric vehicles, which already account for more than half of global battery demand.

The fund provides investors with exposure to companies across the battery ecosystem, including those involved in raw materials mining, manufacturing, and emerging technologies such as Autonomous Driving.

The fund’s top 10 holdings include Plug Power Ltd, a developer of hydrogen fuel cell systems, Gangfeng Lithium Co Ltd, one of the world’s leading lithium producers, and Umicore, a materials company specialising in the automotive and energy sectors.

The fund is listed on the London Stock Exchange with the ticker CHRG and is the 26th ETF to be added to the Wombat platform. It has a total expense ratio of 0.4%.

Since its launch in 2019, Wombat has seen rapid growth as novice investors flock to access its range of theme-based exchange-traded funds (ETFs) and curated UK, US and EU fractional shares.

It now has more than 160,000 users and 15% month-on-month user growth.

Kane Harrison, CEO and co-founder of Wombat, comments: “As concerns about climate change continue to mount attention is increasingly turning to the technologies that can help reduce carbon emissions from high polluting activities like road transportation and power production.

“Batteries are critical to global energy transformation efforts and demand for them is only going to grow, not least from EV manufacturers as people continue to move away from vehicles powered by petrol and diesel.

“With battery technology improving all the time, its importance can’t be overstated, and we are delighted to offer a thematic fund that provides investors access to the companies that have the highest potential for growth in what is an exciting emerging global megatrend.”

People In This Post

Companies In This Post

  1. Digital ID Will Better Protect Australians from Cybercrime and Scammers Read more
  2. Mastercard Ups the Ante on Ecommerce Security; Scales Its Tokenized Online Checkout Experience to Tackle Online Payment Fraud in Australia Read more
  3. Equifax and Homely Partner to Power Platform for Aspiring Homeowners Read more
  4. Worldline First Global Online Payment Service Provider to Be Authorised by the Turkish Central Bank for International Payments in Partnership With Lidio Read more
  5. Mastercard and Zenith Bank Introduce New Payment Cards to Accelerate Financial Inclusion in Nigeria Read more