ACDC - ETFS Battery Tech & Lithium ETF

[frugal.rock]

Am surprised ACDC isn't here.
Oi.
I don't know of a better ETF at the moment...
1 year chart.

 

[Dona Ferentes]

High voltage

 

[Dona Ferentes]

40 min podcast (a bit verbose/ puffy)

Inside The ACDC ETF: A Deep Dive With Kanish Chugh

Owen talks to Kanish Chugh from ETF Securities about their battery technologies ETF, aptly named ACDC.

www.rask.com.au

 

[frugal.rock]

For the benefit of all and with thanks, have put P2 post in here. I hope that's ok with you @peter2

An ETF with investments in lithium and battery tech called ACDC. Selected this one over any single lithium or battery mineral company. It's late in the trend and I've bought in the consolidation hoping for a break-out. This position will be managed with a tight exit. The weekly chart shows that the price trend is stronger than the index (top pane RSC).

 

[over9k]

Great minds think alike rock, your last post was about ASIA:

The NYSE closest equivalent to this one is LIT just FYI:

 

[peter2]

The reason I didn't post my ACDC position in this thread is that I haven't done any research into the ETF. I don't know what it holds and which companies are it's largest holdings. I'm trading ACDC using the price charts.

If one is going to invest or trade a thematic ETF like ACDC it may be important to know what's under the hood. Which countries or companies present the biggest risks for this ETF? Will the price of ACDC be affected by AUDUSD movement?

From my perspective, this purchase of ACDC is about six months too late for a medium term trade or longer term investment. Currently the reward:risk is not in my favour. However I can handle this RR situation whereas others looking in and contemplating doing the same may not.

I will be keeping an eye on the US lithium ETF - LIT. LIT is not yet ready for a medium term trade. When LIT goes above 62 I'll be onto it.
I see @over9k is all over LIT as well.

ps: This post suggests doing your own research into ACDC because I know nothing about it.

 

[over9k]

CNBC I know, but worth a watch:




Australia is the world's quarry after all.

But everything's all coming back to the USA, globalisation is in its death throes with this just like it is with everything else.

GM & LG building plants in the USA:

https://www.bloomberg.com/news/arti...-plans-u-s-expansion-to-support-ev-production

Tesla wants to mine its own lithium:

https://www.bloomberg.com/news/arti...-mine-its-own-lithium-after-dropping-m-a-plan

And apparently the U.S has stacks of lithium reserves but it's been way cheaper to get it from here and/or china until about now:

To go electric, America needs more mines. Can it build them?

Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight.

www.reuters.com

Obviously a lot of geopolitics etc behind all of this. Biden's been 3x as hawkish 3x as quickly on China as anyone was expecting and that's not going to change. AU is an incredibly strong U.S ally though.

In short, AU & U.S producers are a very solid bet IMO

 

[peter2]

ACDC construction started with equal weighting of companies (not by market cap). Currently holds 31 companies with two ASX companies PLS and GXY holding approx 11% atm. I'm bullish on both of these atm. AUD base currency, not hedged.

from the ETF Securities ACDC factsheet.

 

[Gunnerguy]

Got some mid 2020, added more today.

 

[Gunnerguy]

Nice dividend from ACDC

 

[peter2]

That explains today's dip in price but I've been unable to source any further details about the distribution, even from their website.

Edit: found some details from Commsec. I assume part of the distribution is a return of capital. Sale of ORE perhaps?

 

[over9k]

Nah it's an ETF and they're fully unfranked so it's returning shareholder equity to the holders (so to speak).

My other betashares holdings did the same today. I had a brief moment of panic when I saw how much they sold off too.

 

[frugal.rock]

Nice dividend from ACDC

How much?
Guessing around $5.00 going by SP drop ?

Stupid broker app doesn't show announcements for many ETF's
Does show OOO announcements though...

 

[Dona Ferentes]

The homepage of the ETF doesn't have info, so it's
A) pointless to blame secondary sources
B) a waiting game until published
C) curious.

Battery Tech & Lithium ETF (ACDC) – Global X ETFs

The Global X Battery Tech & Lithium ETF (ACDC) offers investors exposure to global companies developing electro-chemical storage technology and mining companies ...

www.etfsecurities.com.au

 

[frugal.rock]

The homepage of the ETF doesn't have info, so it's
A) pointless to blame secondary sources
B) a waiting game until published
C) curious.

Battery Tech & Lithium ETF (ACDC) – Global X ETFs

The Global X Battery Tech & Lithium ETF (ACDC) offers investors exposure to global companies developing electro-chemical storage technology and mining companies ...

www.etfsecurities.com.au

Pointless to blame secondary sources...please, spare me !
There's data sources and then there's incompetent data sources... I regularly see incorrect data on the ASX website...

If Google knows, it's been published.... somewhere.

 

[Dona Ferentes]

Provisional ?

 

[over9k]

It's literally in the announcements in the commsec "announcements" tab?

$6.505

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02389392-06QP8JU8JQHO00V0L7G56PMI2T/pdf?access_token=00079eFa2H2HcLy9zH52b4SE3FhM

They also have reinvestment plans so you can skip all this nonsense.

 

[frugal.rock]

It's literally in the announcements in the commsec "announcements" tab?

It's literally no where to be found in the Westpac app... clearly "there are no announcements"

It has the red alarm bell indicating an announcement today though...

WESTPAC, HELLO...?
Decimal places shown on XVI are out by 2 as well.
Bizarre

 

[over9k]

I'd be calling them about that. Not acceptable.

 

[Gunnerguy]

I'd be calling them about that. Not acceptable.

For many if these ETF’s the announcement is made on 29 or 30 June and XD on 30 June or 1 July. ( I have many beta shares, etf securities and BlackRock ETF’s)
The ASX website had the info from the ETF’s today that announced yesterday (29th).
Not the brokers fault I think just the ETF manages release of information.
Gunnerguy