Weather is a topic we don’t cover very often here on crunch, but in light of the incoming hurricane season, it is something that we should take a look at. Currently, this storm season is in full swing. Interestingly, a new ETF fund focused on disaster recovery has launched. The ETF, Procure Disaster Recovery Strategy, is the first of its kind and invests in companies working to reduce risk and motivate sustainable recovery from natural disasters around the world.
The ETF, which trades under the ticker FEMA, bundles companies across sectors including industrials, energy, and materials. “These are the companies that really help bring our lives back to normal when we need them most,” Chanin, one of the holders of the ETF, said.
Some of the holders of this ETF include communications tech company Fujitsu, Verisk Analytics, Jacobs Engineering Group, and cloud computing firm VMware. The ETF’s creation seems to have been inspired by Hurricane Katrina back in 2005.
What do you think about this new ETF and could we see more natural disaster centered ETFs in the future?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.