Key stats
About GLOBAL X LITHIUM PRODUCERS INDEX ET UNITS A CAD
Home page
Inception date
Jun 23, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund is designed to provide exposure to global companies revolving around the worlds lightest metal - lithium. The funds underlying index is composed of all-cap stocks, involved with the mining, production, and development of lithium, lithium compounds, and lithium-related components. Eligible companies are determined using a proprietary software tool called ARTIS, and are included after meeting certain minimum trading, liquidity, and size requirements. 25 companies will make up the index which will be weighted based on market-cap, with the largest companies receiving higher index weights. Individual security capping is implemented at 10%. The index is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Process Industries
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HLIT trades at 11.86 CAD today, its price has risen 0.85% in the past 24 hours. Track more dynamics on HLIT price chart.
HLIT net asset value is 11.79 today — it's risen 6.38% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
HLIT assets under management is 20.81 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
HLIT price has risen by 6.37% over the last month, and its yearly performance shows a −46.04% decrease. See more dynamics on HLIT price chart.
NAV returns, another gauge of an ETF dynamics, showed a −17.63% decrease in three-month performance and has decreased by −46.03% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −17.63% decrease in three-month performance and has decreased by −46.03% in a year.
HLIT fund flows account for 11.03 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HLIT invests in stocks. See more details in our Analysis section.
HLIT expense ratio is 0.98%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HLIT isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, HLIT technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HLIT shows the sell signal. See more of HLIT technicals for a more comprehensive analysis.
Today, HLIT technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating HLIT shows the sell signal. See more of HLIT technicals for a more comprehensive analysis.
Yes, HLIT pays dividends to its holders with the dividend yield of 2.86%.
HLIT trades at a premium (0.44%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
HLIT shares are issued by Mirae Asset Global Investments Co., Ltd.
HLIT follows the Solactive Global Lithium Producers Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 23, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.