Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
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Themes on the move: Lithium stocks slipping
Anders Nysteen
Senior Quantitative Analyst, Saxo Bank
Summary: Lithium-related companies experienced a selloff last week amid worries over a potentially weaker demand, and the theme made the biggest move in our weekly thematic screener.
In our weekly publication series we monitor trends in a pool of more than 40 ETF equity themes. Every week we focus on one themes which have moved the most in the previous week relative to its usual trading pattern and volatility, and we provide an unbiased sample of companies within the theme. This week the we describe the theme which has made the largest deviation from the usual trading pattern.
The growth in lithium demand has been huge over the last couple of years as it is a key component in the electric transportation industry. However, last week was a tough one for lithium-exposed companies amid worries over a potentially weaker demand from Chinese firms, and major players in the lithium industry saw a significant drop in their share price. Goldman Sachs also reaffirmed their bearish view on lithium, stating that the supply of lithium will start to outpace the demand from 2023 and onward, despite a growing demand for electric vehicles.
The list below illustrates 10 different companies within the theme. They are spanning a broad area of the theme and is intended as an inspirational list only:
How the list was created: Each theme consists of a number of companies from ETFs and indices within the given theme. The list above is created by sampling 10 different companies from the theme, making sure that the companies have a low mutual correlation within the theme, such that they span a broad part of the overall theme. Note that this is based on historical performance which is not an indicator for future returns. The list is for inspirational purpose only and should not be considered as trade recommendations in any way.
Price evolution of a thematic ETF within the theme - over 6 months and 5 years, respectively:
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