VanEck has announced the launch of the VanEck Future of Food ETF (YUMY), an actively managed equity ETF that provides exposure to companies engaged in agri-food innovation and technology. It will be the second ETF aligned with UN's second Sustainable Development Goal "Zero Hunger" after the Rize Sustainable Future of Food UCITS ETF (RIZF).
"The growing global population and the concurrent threats from climate change are driving the need for more sustainable agri-food processes and technologies in order to provide for a future with more affordable, nutritious and safe food for all", said VanEck?s Shawn Reynolds, who will co-manage the portfolio with Ammar James.
YUMY is listed on the NYSE Arca and has a net expense ratio of 0.69%. As of December 2, 2021, the fund's 49 holding include Corteva Inc. (4.6%), Oatly Group (4.55%), Givaudan SA (4.07%), Appharvest Inc. (4.06%), Ingredion Inc. (3.96%), Deer & Co (3.61%), Ball Corp. (3.56%), Maple Leaf Foods (3.55%), Tattooed Chef Inc (3.33%) and Orbia Advance Corp. (3.18%).
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