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As the cost of natural disasters rises, it’s worth investing in companies that help before, during and after.
That’s according to Andrew Chanin, CEO of Procure ETFs. He created the Procure Disaster Recovery Strategy ETF (NASDAQ:FIXT), which tracks companies engaged in natural disaster preparedness and recovery.
With holdings ranging from NVIDIA (NASDAQ:NVDA) to Babcock International Group (LSE:BAB,OTC Pink:BCKIF) to Home Depot (NYSE:HD), the fund is up nearly 30 percent since its launch in mid-2022.
‘Some of these are predictable, some of them aren’t. But the one event that seemed to bring a lot of attention to these companies was actually the Canadian wildfires, where we saw a tremendous amount of media coverage,’ he added.
When asked whether investors have been hesitant when it comes to potentially profiting from natural disasters, Chanin emphasized that the companies held within the FIXT ETF aren’t exploitative; instead, they are there to help.
‘If you look at the holdings of FIXT, there’s very little overlap with other funds out there, whether that be in infrastructure, whether that be a climate change fund. You have many people investing in ESG-related strategies because they believe that they’re going to make the world a better place. This isn’t billed as an ESG fund or an ESG strategy — this looks at real-world scenarios. Natural disasters do happen, and these companies in many cases help us,’ he said.
Watch the interview above for more from Chanin on the FIXT ETF and natural disaster stocks.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.