China and Tesla: Here's what's hot in the ETF space right now $MCHI $LIT (via ETFEdgeCNBC) Sponsored by InvescoUS
, which gives U.S. investors access to China's domestic A-share market, has also climbed this month, with a 9% gain.
Largely, the action is "ETFs showing you how they provide liquidity and price discovery during times of volatility," Senra said, adding that "we continue to ... have a pro-risk stance for this year" for emerging markets as economic growth abroad recovers. On Tesla's side of the bullish bet, Global X's Jacobs was offering a twist on trading the wildly swinging electric-auto stock.
"Tesla's the poster child of a broader trend, which is the growth of the electric vehicle space," he said in the same "ETF Edge" interview. "Right now, electric vehicles make up less than 3% of total car sales around the world. It's an 80 million annual market in car sales. People don't know about the miners, they don't know about the battery producers, but they want exposure to the broader EV space.
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