23.07.2010 14:01
Structured Solutions calculates index for lithium ETF in the US
The Global X Lithium ETF has been launched at the NYSE Arca. It is the first ETF worldwide which covers the lithium investment topic. Structured Solutions AG has developed the underlying index, the Solactive Global Lithium Index, and also acts as the index calculator. The index includes companies which are active in exploration or mining of lithium or in the production of lithium batteries. At launch, there are 20 companies in the index which are weighted according to their freefloat market capitalization as well as their trading volume. The index is adjusted semi-annually. The Global X Lithium ETF tracks the performance of the index. Sebastian Seifried, Head of Indexing at Structured Solutions, comments: "Lithium as one of the key resources of the future has been hard to access for most investors up to this point. Therefore we are very glad to calculate the Solactive Global Lithium Index as the underlying for the first Lithium ETF worldwide."