Alternative Investments/ESG: VanEck Launches European ETF Focusing On Sustainable Food Megatrend

https://dailyalts.com/wp-content/uploads/2022/07/grain-gf450ba56c_640.jpg

The global food system is expected to be under strain from population growth and disruption due to climate change.

The VanEck Sustainable Future of Food UCITS ETF has been listed on London Stock Exchange in US dollars (VEGI LN) and pound sterling (VEGB LN) as well as on Deutsche Börse Xetra in euros (VE6I GY). This new ETF will look for opportunities in plant-based meat and dairy alternatives, vertical farming, precision agriculture, functional ingredients, and vegan organic and health foods. (ETF Stream)

VanEck Sustainable Future of Food UCITS ETF (VEGI)

The ETF tracks the MVIS Global Future of Food ESG index which consists of 35 companies deriving at least 50% of their revenues from products and services related to meat and dairy alternatives, organic foods, food flavourings and innovative agricultural technologies.

With an expense ratio of 0.45%, the ETF is classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR) because it applies an ESG screener to its investments.

Fundspeak

Martijn Rozemuller, CEO at VanEck Europe, commented: “The production of food, especially meat, harms both the environment and health.”

“Without profound changes in agriculture and food production, the world will not be able to stop climate change. With all this in mind, consumers around the world are now demanding alternatives. The demand for cleaner, healthier and sustainable food is increasing.”

VanEck on the food industry:

“Without far-reaching changes in agriculture and food production, the world will not be able to halt its march towards environmental disaster. Already, the industry is a major greenhouse gas (GHG) emitter and does widespread harm to the environment in other ways besides. As the global population grows, powerful forces are beginning to transform food production.

These include the need to feed a burgeoning global population, and shifting consumer preferences embracing environmental sustainability.

Related Story: VegTech Invest Launches Plant-Based Innovation & Climate ETF

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/08/logo-ripple.jpg
Digital Assets: Ripple Labs Eyeing Pieces Of Celsius In Bankruptcy Wreckage
August 10, 2022     Digital Assets, News

Ripple Labs, the blockchain payments company that created the XRP cryptocurrency, is interested in purchasing assets of Celsius Network, the crypto lender that was forced into bankruptcy amidst the meltdown…

https://dailyalts.com/wp-content/uploads/2022/08/Nuri.png
FinTech: German Bank Nuri Files For Insolvency Amidst Macro Environment And Crypto Bear Market
August 10, 2022     Digital Assets, FinTech, News

Nuri, a digital banking platform and app, offered users crypto transactions as well as normal banking activities including a debit card. The firm announced it had filed for insolvency on…

https://dailyalts.com/wp-content/uploads/2022/08/TX-SCARA_Press_1-1-1-1030x644-1.jpg
Artificial Intelligence: AI Robot TX SCARA To Debut In 300 FamilyMart Stores In Japan
August 10, 2022     Artificial Intelligence, Latest News, News

Telexistence Inc., the Japanese robotics company, announced the launch of its TX SCARA restocking robots in 300 FamilyMart convenience stores in Japan later this month as part of its AI-based…

https://dailyalts.com/wp-content/uploads/2022/08/Coinbase-Mobile-–-Splash.png
Alternative Investments/Digital: GraniteShares Launches The First Coinbase Leveraged ETF
August 10, 2022     Alternative Investments, News

US ETF issuer GraniteShares, which first launched leveraged ETFs on single stocks in the UK in 2019, and now offers 106 such products across Europe, has listed a suite of…