iShares ELECTRIC VEHICLES AND DRIVING TECHNOLOGY UCITS ETF USD (ACC)
| Issuer: iShares |
| Asset Class: Equity |
| TER: 40bps |
| Trading Currency: GBP |
| Pays Income: False |
| Listing Date: 12 Jan 2024 |
| Ticker: GCAR |
| ISIN: IE00BGL86Z12 |
This fund offers targeted exposure to the global megatrend of electrification and automation in transportation. It aims to capture the growth potential of companies at the forefront of the electric vehicle (EV) revolution and the development of autonomous driving technologies. The transition away from traditional internal combustion engines is being propelled by several powerful catalysts, including stringent environmental regulations, government incentives, significant advancements in battery efficiency, and a fundamental shift in consumer demand towards sustainable solutions. This creates a long-term structural growth opportunity, as the automotive industry undergoes its most significant transformation in a century.
The investment strategy extends beyond just vehicle manufacturers, providing a comprehensive approach to the entire ecosystem. The portfolio includes companies involved in the full value chain, from the extraction and processing of key raw materials like lithium and cobalt, to the production of batteries, semiconductors, and other critical components. It also targets innovators in software, sensor technology for autonomous systems, and the build-out of charging infrastructure. This diversified exposure allows investors to participate in the growth of enabling technologies and ancillary services, potentially mitigating the concentration risk associated with backing individual car brands in a highly competitive market.
By investing in this theme, one gains access to a portfolio of companies poised to benefit from the future of mobility. It is designed for those looking to align their capital with disruptive innovation and long-term, secular trends reshaping global industry. The fund provides a convenient and diversified vehicle to invest in the leaders and enablers driving the shift towards cleaner, smarter, and more autonomous transportation systems.
