Three skyrocketing TSX stocks, an EV-driven ETF and the outlook for renewables: What you need to know in investing this week

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Three skyrocketing TSX stocks, an EV-driven ETF and the outlook for renewables: What you need to know in investing this week (subscribers) GlobeInvestor

A reader writes: It seems that the EV and driverless car industry will grow considerably in the coming years. My investment institution does not have a mutual fund or ETF that focuses on this sector. What might be a fairly aggressive way to invest in this sector?

Gordon Pape responds: I suggest you look at the Evolve Automobile Innovation Index Fund . It seems to fit your goals perfectly. This ETF seeks to replicate the performance of the Solactive Future Cars Index Canadian Dollar Hedged index. It invests primarily in companies that are directly or indirectly involved in developing electric drivetrains, autonomous driving, or network connected services for automobiles.

The fund was launched in 2017 and performance so far has been exceptional. The management fee is very reasonable at 0.4 per cent plus taxes.

 

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globeinvestor Solar Winds looked like a good one too. Until it wiped out $100 million of Canadian’s Pensions.

globeinvestor Perhaps the wise investors at Canada Pension Plan should read up? $100 million of our hard earned money, gone, poof! 💨 crickets from Canadian MSM

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