Alternative Investments/ESG: VegTech Invest Launches Plant-Based Innovation & Climate ETF
The new ETF trades on the New York Stock Exchange.
VegTech Invest advisory has launched the VegTech Plant-based Innovation & Climate ETF (Ticker: EATV), its first financial product. The ETF offers exposure to publicly traded companies actively innovating with plants and plant-derived ingredients and producing primary products that are animal-free. These companies also have a beneficial impact on the environment and solve certain pressing global problems. (CISION PRNewswire)
VegTech Plant-based Innovation & Climate ETF (Ticker: EATV)
First Insight: The State of Consumer Spending noted on October 28, 2021 that “growing plants requires fewer resources than raising animals for meat,” and reported that 68% of Millennials are willing to pay more for sustainable products.
A March 23, 2021 report by Boston Consulting Group indicates that the alternative protein market will reach at least $290B by 2035.
On its website, VegTech makes the following observations:
- Animal agriculture is responsible for 14.5% of greenhouse gas emissions, including methane and nitrous oxide
- Our current food and materials supply is inefficient and unsustainable. It is a major source of deforestation, using disproportionate amounts of water and land such that creating enough food for a growing global population won’t be feasible with our current resources.
- As we enter the fourth industrial revolution, the food and materials supply systems are on the precipice of a global shift. We are investing in the game changers, disruptors and trend-makers.
Trading on the NYSE, the new actively-managed ETF includes 37 publicly traded companies (dubbed “VegTech” companies) that meet the above criteria.
The fund has an expense ratio of 0.75%.
“We are excited to be what we believe is the first pure-play ETF that invests in companies innovating with plants and producing animal free products. We believe that today’s investors want a more resource efficient, climate friendly, and cruelty-free food and materials supply system…and want to invest their dollars in the same,” said VegTech Invest CEO and CMO, Elysabeth Alfano in a statement.
Related Story: Israel’s Future Meat Raises $347M To Build US Facility
Image Credit: Flickr
Latest Alternative Investment News
Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that…
An iconic property in Bel Air, Los Angeles, designed by internationally acclaimed English architect John Pawson changed hands last month for $133 million and the buyer was Coinbase (NASDAQ: COIN)…
Chinese AI company Parametrix.ai has raised $100 million in a Series B round led by Sequoia China and joined by existing investors 5Y Capital and Gaorong Capital. Though the valuation…
Danish environmental services company Solum A/S will soon operate a highly advanced waste sorting plant that will use advanced robotics and AI to segregate up to 25,000 tons of mixed…