Photo: REE Fund
Tomorrow a new rare earth ETF is going to be launched in order to tap into investor mania for everything rare earth.But it’s actually not the first fund to try this.
A fund in Switzerland, the REE Fund has done the same thing, and what’s great is that they’ve even given rare earths a catchy nickname: “The Vitamin of Modern Industry.”
Because these elements are used in all sorts of high tech (wind turbines, iPods, hybrid cars, etc.) it’s actually a pretty good name.
And the prospectus for the fund makes for a pretty good overview of why everyone is going so crazy.