AUTOINDUSTRY

Since the Ford Model T was first put into production in 1908, the auto industry has become one of the most lucrative in the world. The nature of the industry is highly competitive with automakers all over the world vying for dominance. This competition has caused companies to continually pursue innovation so that they remain relevant in an ever-changing environment. Traditional combustible engines powered by petrol are on the wane with manufacturers shifting their production lines toward cleaner electric vehicles, in line with consumer demand for greener products.
The auto industry spans a broad range of companies that operate either as direct suppliers to an end manufacturer (Tier 1 supplier), or as manufacturers themselves who retail their products to customers and aftermarket specialists who provide services to vehicles due to daily wear-and-tear.
The process of selecting assets for the portfolio is as follows: first, the universe of stocks available on Bit Digital is scanned for those companies that fit into the auto industry landscape. Then, each stock undergoes a screening process based on a series of metrics, such as market capitalisation, liquidity of the shares, financial ratios and analysts' consensus ratings. The metrics form the basis of the stocks’ ranking, and finally the top-ranked stocks are included in the portfolio and weighted equally.

The portfolio will be rebalanced yearly, or at Bit Digital’s discretion, pending market conditions.
Your capital is at risk.
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking any particular recipient’s investment objectives or financial situation into account, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results.