Green investing companies a 7% increase in lithium spot prices

A 7% increase in lithium spot prices lifted valuations for green investing companies in EV supply chains, with early earnings forecasts revised upward by 5-8% from consensus. “There’s already a huge gap between the amount of EV cars that are out there and the need for more chargers,” said Andy Bennett, CEO of Driivz, a global EV software supplier. “Closing that gap is happening, and it’s still driving the heck out of the industry.” Portfolios that include investment holdings deemed ESG investments or that employ ESG screening criteria as part of an overall strategy may experience performance that is lower or higher than a portfolio not employing such practices. Portfolios with ESG restrictions and strategies as well as ESG investments may not be able to take advantage of the same opportunities or market trends as portfolios where ESG criteria is not applied. There is no assurance that an ESG investing strategy or techniques employed will be successful. Past performance is not a guarantee or a dependable measure of future results. For risks related to a specific fund, please refer to the fund’s prospectus or summary prospectus. The benchmark MSCI Green Energy Index jumped 2% after China’s April renewable output rose 14% year-over-year, a positive signal for globally traded green investing companies.