For starters, 103 ETFs would be affected, not to mention the cost of a leveraged buyout.
Issuer could be the third firm to launch a fund based on the electric car industry.
In the last two months, automakers are outperforming the broad market.
As sales of new vehicles heat up, so do the returns of auto-related ETFs.
The First Trust auto ETF provides a return-rich glimpse of a recovering global auto industry.
Clean energy funds outperformed, while miners monopolized the losers' list in the week ending Thursday, May 16.
In May, First Trust rolled out the world’s first ETF focused on automobile manufacturers, in part as a reflection of high hopes in the investment world that the emerging markets will power global growth in the coming years.