To The Moon

🌟🌟🌟It has been a bruising week for EV stocks especially after $Tesla Motors(TSLA)$ Dismal 3rd quarter earnings report. What if we can ride the volatility in EV stocks with the power of a just 1 ETF and the diversification it provides. $iShares Self-Driving EV and Tech ETF(IDRV)$ gives investors exposure to the growing EV market in just 1 trade. Electric Vehicles is a growing market with revenue projected to reach USD 561.3 billion in 2023. EV market unit sales are expected to reach 17 million vehicles in 2028. IDRV ETF gives access to companies at the forefront of self driving and EV innovation. The Top 10 holdings include $XPeng Inc.(XPEV)$ $Rivian Automotive, Inc.(RIVN)$ $Li Auto(LI)$ Tesla, BYD, Renault SA, Aptiv, ABB, Volkswagen and Porsche Automobile. The Top 10 holdings weightage is 48%. Total number of holdings is 54. The expense ratio is 0.47%. The Fund Manager is Blackrock under the iShares brand. Assets Under Management is USD 337.6 million. The Current Distribution Yield is 2.18% paid Twice Yearly. I like IDRIV ETF because it has a global focus. It includes companies in the US, Hong Kong, South Korea, Germany, Australia, France, Switzerland, Sweden, Japan and Taiwan. Performance wise IDRV is down 4.5% year todate. Just like EV stocks, IDRV ETF is also subject to much volatility. However it offers diversification and minimise the risk on investing in single stocks. With a long term horizon, IDRV is projected to reach USD 60.83 per share in 2028. Best of all IDRV ETF provides a low cost way to invest in the fast growing EV market with dividends along the way. How good is that! @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @Tiger_SG @TigerClub