Defiance ETFs is trying to change up the EV ETF market with an all-electric carmaker fund.
The companies in the fund must also"derive at least 50% of their annual revenue or operating activity from the development or manufacturing of electric vehicles" and have"high trading volume and liquidity," according to the Defiance ETFs website.
The ETF also exposes investors to"the world's largest economies" with three Chinese and two U.S. auto manufacturers, the firm's CEO and chief investment officer said.
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