The ETF does not make much sense for any class of investor.A Lithium investor would be better off investing in Rockwood,SQM and FMC with appropriate offsetting positions in the agri and speciality chemicals sector.A Battery Investor should invest in BYD,A123 Systems,Ener1 etc. rather than Sanyo,Exide and Cosco.Also a lot of the companies in the ETF have never made profits and are high risk in nature while stable holdings like Rockwood,SQM are expensively valued at the moment.I would advise against investing in this pseudo Green ETF which is only masquerading as a Lithium ETF.