CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
Trade First Trust NASDAQ Global Auto Index Fund - CARZ CFD
The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the S-Network Electric & Future Vehicle Ecosystem Index. To be eligible for inclusion in the index, a company must be listed on a major recognized stock exchange and engaged in one of the following sectors: electric and autonomous vehicle manufacturing; enabling technologies or enabling materials. Given the narrow focus of this fund and the presence of many components in broad-based equity funds, CARZ probably doesn’t have much appeal to those building a long-term, buy-and-hold portfolio; it will be more useful as a tool for implementing a shorter-term tactical tilt towards the automotive industry. Investors may also want to consider the allocations among these funds to emerging markets, as increasing ownership rates in developing economies are likely to have a major impact on the growth of the auto industry.
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