ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

ProcureAM Launches First-Ever Global Disaster Recovery ETF

Approach provides investment exposure to $2.2 trillion industry. Firm to celebrate launch by ringing Nasdaq opening bell

LEVITTOWN, PA / ACCESSWIRE / June 1, 2022 / ProcureAM, a wholly owned subsidiary of Procure Holdings, LLC, today launches the Procure Disaster Recovery Strategy ETF (NASDAQ:FEMA), and rings the opening bell at Nasdaq MarketSite in celebration.

ProcureAM, Wednesday, June 1, 2022, Press release picture

Since 1980, the United States alone has sustained 323 weather and climate disasters, costing a staggering $2.2 trillion dollars in total. By the end of this century, the U.S. government predicts $2 trillion per year in damages from hurricanes, wildfires, floods, droughts, severe storms or earthquakes. The FEMA ETF is the first fund to invest in companies worldwide that are engaged in sustainable recovery and risk reduction efforts of natural disasters.

Index constituents include companies that are materially involved in emergency/backup power generators and batteries, engineering and construction, specialty industrial machinery, building products and materials, as well as waste management, among others. Companies that received contracts with the Federal Emergency Management Agency or similar agencies in the last five years also qualify for inclusion in the fund.

"The unfortunate reality is natural disasters can strike anywhere at any time and displace millions of people. Without restoration companies there to help us recover and build back, the damage would be even more devastating," said Andrew Chanin, co-founder and CEO of ProcureAM. "The FEMA ETF is an opportunity to invest in critical renewal and recovery efforts."

The fund tracks the VettaFi Natural Disaster Response and Mitigation Index, an equal weighted index comprising four investment categories: climatological, geophysical, hydrological and meteorological. The FEMA ETF comes at an expense ratio of 0.75 percent and rebalances quarterly.

"This area of the market has been long overlooked by investors, yet the prevalence of natural disasters in the last several decades and in the future is undeniable," said Bob Tull, president and co-founder of ProcureAM. "We built ProcureAM with a mission of launching innovative and distinct investing products. The FEMA ETF is emblematic of that mission."

In addition to the FEMA ETF, ProcureAM also introduced the world's first ETF to give investors pure-play access to the expanding global space industry (NASDAQ:UFO). For additional information on ProcureAM and its products, please visit this link.

The bell ringing event can be viewed on the Nasdaq live stream here.

About ProcureAM
ProcureAM, LLC (ProcureAM) is an innovative exchange-traded product (ETP) issuer based in Levittown, Pennsylvania. Established by renowned industry veterans Robert Tull and Andrew Chanin, ProcureAM offers a unique platform for the creation of both proprietary and partnered ETPs. ProcureAM listens to clients and endeavors to provide investors with access to distinct investment opportunities. Whether you are looking to invest in ETPs or create one, contact ProcureAM to explore your performance potential: www.ProcureETFs.com.

Media contact:
Gregory FCA for ProcureAM
Kathleen Elicker
484-889-6597
procuream@gregoryfca.com

Please consider the Funds investment objectives, risks, and charges and expenses carefully before you invest. This and other important information is contained in the Fund's summary prospectus and prospectus, which can be obtained by visiting procureetfs.com. Read carefully before you invest.

Investing involves risk. Principal loss is possible. The Fund is also subject to the following risks: Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the funds. Brokerage commissions will reduce returns. Securities of small- and mid-capitalization companies may experience much more price volatility, greater spreads between their bid and ask prices and significantly lower trading volumes than securities issued by large, more established companies. The Fund is not actively managed so it would not take defensive positions in declining markets unless such positions are reflected in the underlying index. Please refer to the summary prospectus for a more detailed explanation of the Funds' principal risks. It is not possible to invest in an index.

Natural Disaster/Epidemic Risk - Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and may be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Fund's investments. Foreign Investment Risks - Foreign securities are typically more volatile, harder to price, and less liquid than U.S. securities.

This product is neither associated with, nor endorsed by, the Federal Emergency Management Agency.

FEMA is distributed by Quasar Distributors LLC.

SOURCE: ProcureAM



View source version on accesswire.com:
https://www.accesswire.com/703435/ProcureAM-Launches-First-Ever-Global-Disaster-Recovery-ETF

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.