The transformation of the automotive industry toward a more sustainable, electric, and digital future reconfigures automotive value chains and dramatically alters the market position of many companies.
Global capital markets reflect this altered automotive reality like nothing else. In recent years the market has seen some automotive companies lose market capitalization despite growing revenues, while others command massive stock-market valuations on the back of slender revenues.
In a world where previously valid mechanisms of corporate success and market value have shifted, automotive companies need new tools to calibrate their capital market strategies.
This is where the WisdomTree Berylls LeanVal Global Automotive Innovators Index (WCAR) comes into play. The WCAR is a financial instrument that uniquely reflects the ongoing transformation of the automotive industry.
The WCAR automotive index exchange traded fund (ETF) covers the 100 most relevant and promising publicly listed automotive companies worldwide. It includes vehicle manufacturers, suppliers, dealer groups, mobility service providers, and infrastructure providers.
The index only extends to companies that generate the largest part of their revenues within the automotive industry. They are selected based on strict multi-tiered criteria that build on in-depth industry know-how, as well as analyses of fundamental data.
With its global coverage of the entire industry ecosystem, the index offers a comprehensive picture of the global automotive industry for the first time.
The WCAR allows you to capture the status quo of the automotive industry, and do so at the sector, regional, and industry level.
By combining automotive expertise with a capital markets perspective, Berylls is building a platform around the WCAR so as to provide tailored insights into global capital markets for companies in the automotive industry.
For each sector along the automotive value chain, we regularly select the best-performing companies. Only if they meet the following selection criteria do they qualify for the WCAR:
TESLA INC | TOYOTA MOTOR CORPORATION | VOLKSWAGEN AG | DAIMLER AG | BYD COMPANY LIMITED | GENERAL MOTORS CO | BMW AG | STELLANTIS NV | HONDA MOTOR CO LTD | FORD MOTOR CO | GREAT WALL MOTOR COMPANY | VOLVO AB | FERRARI NV | HYUNDAI MOTOR CO LTD | PACCAR INC | KIA | SUZUKI MOTOR CORPORATION | PORSCHE AG | DAIMLER TRUCK AG | NISSAN MOTOR CO LTD | SUBARU CORPORATION | GEELY | GUANGZHOU AUTOMOBILE GROUP COMPANY LIMITED | RENAULT SA | ISUZU MOTORS LTD | YAMAHA MOTOR CO LTD | MAZDA | MITSUBISHI | SINOTRUK HONG KONG LTD | ZHENGZHOU YUTONG BUS CO -A | CHINA MOTOR CORP
CONTEMPORARY AMPEREX TECHNOLOGY COMPANY LIMITED (CATL) | DENSO CORPORATION | APTIV PLC | CUMMINS INC | MICHELIN SCA | BRIDGESTONE CORPORATION | MAGNA INTERNATIONAL INC | CONTINENTAL AG | HYUNDAI MOBIS CO LTD | FUYAO GLASS INDUSTRY GROUP | AISIN SEIKI CO LTD | BORGWARNER INC | SUMITOMO ELECTRIC INDUSTRIES LTD | HUIZHOU DESAY SV AUTOMOTIV | KOITO MANUFACTURING CO LTD | LEAR CORP | GENTEX CORP | AUTOLIV INC | NGK INSULATORS LTD | SCHAEFFLER AG | STANLEY ELECTRIC CO LTD | GENTHERM INC | INFINEON TECHNOLOGIES AG | HUAYU AUTOMOTIVE SYSTEMS COMPANY LIMITED | ALLEGRO MICROSYSTEMS INC | ALLISON TRANSMISSION HOLDING | PIRELLI & C SPA | VALEO SA | FOX FACTORY HOLDING CORP | BREMBO SPA | FAURECIA SA | VISTEON CORP | GOODYEAR TIRE & RUBBER CO | ADIENT PLC | TOYOTA BOSHOKU | MINTH GROUP LTD | THE YOKOHAMA RUBBER COMPANY LIMITED | LINAMAR CORPORATION | JTEKT CORPORATION | NIFCO INC | SUMITIMO RUBBER INDUSTRIES LTD | TOYODA GOSEI |TOYO TIRE & RUBBER | DANA INCORPORATED | GS YUASA INTERNATIONAL | MANDO CORP
O'REILLY AUTOMOTIVE INC | LKQ CORP | D'IETEREN SA/NV | AUTONATION INC | PENSKE AUTOMOTIVE GROUP | USS CO LTD | GROUP 1 AUTOMOTIVE INC | CARGURUS INC | INCHCAPE PLC | COPART INC | GENUINE PARTS CO | CARMAX INC | HOTAI MOTOR COMPANY LTD | LITHIA MOTORS INC | AUTO TRADER GROUP PLC | ASBURY AUTOMOTIVE GROUP | BOYD GROUP SERVICES INC | RUSH ENTERPRISES INC-CL A | NEXTAGE CO LTD
UBER | AVIS BUDGET GROUP | LYFT | SIXT SE
Currently no company in this segment is included in the index.
The LeanVal Group provides institutional and semi-institutional clients with research and asset management, as well as a digital platform that helps them with their own research, reporting, development of investment concepts, and portfolio management. The aim is to provide the optimal level of support using both expert knowledge and an efficient digital platform. The group analyzes and invests on behalf of its clients in companies that work sustainably and transparently. Its management has decades of industry as well as academic experience when it comes to validated analysis and investment processes.
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