ROOT
BetaShares set to launch food-based ETF on ASX
One of Australia’s biggest fund managers, BetaShares has added a new food-themed exchange-traded fund (ETF) to its existing broad range of investment funds.
BetaShares set to launch food-based ETF on ASX
One of Australia’s biggest fund managers, BetaShares has added a new food-themed exchange-traded fund (ETF) to its existing broad range of investment funds.
Dubbed as the Future of Food ETF (IEAT), it’s expected to launch on the Australian Stock Exchange (ASX) at the end of May, and will play a significant role in enabling investors a convenient and cost-effective exposure to a portfolio of high-profile companies involved in the creation and management of food and food chain technology.
According to BetaShares, these companies are at the forefront in changing the way food is produced, distributed and consumed, and aim to create a bigger global population, improve living standards, more awareness about the impact of livestock on greenhouse gas emissions and animal welfare considerations.
And the greater industrial move to overhaul how food is cultured and manufactured has come as a response to a major worldwide trend where people are expressing greater interest in ditching conventional animal-based foods in favour of plant-based alternatives, or seeking foods that are produced and distributed through more sustainable means.
This is backed by statistics from Ray Morgan, which found that the number of Australians adopting vegetarian diets had surged from 2.1 million people (11.2 per cent) in 2018 to 2.5 million people (12.1 per cent) in 2019.
BetaShares hopes to use that emerging market demand in the creation of its new ETF, which has a strict set of qualifications, including the requirement for companies to be engaged in activities around food productions, food chain improvement or food supply.
According to BetaShares, its IEAT index constituents includes food production companies, including Beyond Meat, a well-known producer of plant-based meat substitutes for burgers, sausages, and other beef products; Tattooed Chef, a leading producer of plant-based ready-to-cook frozen meals; and Danone, a global food products company with an increasing presence in the plant-based dairy market.
BetaShares chief executive officer, Alex Vynokur promoted BetaShares track record in selectively launching innovative new funds available to investors.
“Our leading thematic range, which will soon include IEAT, is a perfect example of our continued work to give investors access to a greater range of high conviction megatrends that will play out over the decades ahead,” Mr Vynokur said.
The IEAT ETF will also join the ranks of BetaShares' other thematic funds, including Global Cybersecurity (ASX: HACK), Asia Technology Tigers (ASX: ASIA) and Climate Change Innovation (ASX: ERTH).
The preliminary ASX listing for the IEAT ETF can be found here.
RELATED ARTICLES
Invest
Australian investors flock to US stocks and crypto after Trump victory
Trading volumes in US equities surged 20 per cent on Australia's second-largest share trading platform following Donald Trump's election victory last month, as local investors sought to capitalise on ...Read more
Invest
Investment firm raises $9bn for global special situations fund
Bain Capital secured $9 billion for its latest Global Special Situations Fund, positioning the firm as one of the world's largest special situations investors. Read more
Invest
Morrison Securities unveils plug-and-play global trading access to 15 countries
Equities clearing firm Morrison Securities has partnered with trading technology provider ViewTrade to introduce one of Australia's first plug-and-play global trading solutions, enabling streamlined ...Read more
Invest
Institutional investors react positively to policy stimulus in September
State Street Global Markets has reported a rebound in institutional investor risk appetite in September, driven by supportive policy announcements from central banks. Read more
Invest
AMP partners with Striver for Brimstone event to attract new financial advisers
AMP has announced a partnership with advice community and careers technology platform Striver for the annual Brimstone event series, scheduled to take place in Sydney next week. Read more
Invest
North expands managed portfolio options with new customisation features
North, a leading Australian wrap investment platform, has announced an expansion of its customisation options for managed portfolios, aiming to provide advisers with greater flexibility for their ...Read more
Invest
State Street partners with Taurus to expand digital asset capabilities
State Street Corporation has announced a strategic agreement with digital asset infrastructure provider Taurus SA to enhance its digital asset offerings for institutional clients. Read more
Invest
State Street to provide custody and administration services for Brighter Super's $30 billion in funds
State Street Corporation has been chosen as custodian and administrator for more than $30 billion in funds invested for members of Queensland-based superannuation fund Brighter Super. Read more
Invest
Australian investors flock to US stocks and crypto after Trump victory
Trading volumes in US equities surged 20 per cent on Australia's second-largest share trading platform following Donald Trump's election victory last month, as local investors sought to capitalise on ...Read more
Invest
Investment firm raises $9bn for global special situations fund
Bain Capital secured $9 billion for its latest Global Special Situations Fund, positioning the firm as one of the world's largest special situations investors. Read more
Invest
Morrison Securities unveils plug-and-play global trading access to 15 countries
Equities clearing firm Morrison Securities has partnered with trading technology provider ViewTrade to introduce one of Australia's first plug-and-play global trading solutions, enabling streamlined ...Read more
Invest
Institutional investors react positively to policy stimulus in September
State Street Global Markets has reported a rebound in institutional investor risk appetite in September, driven by supportive policy announcements from central banks. Read more
Invest
AMP partners with Striver for Brimstone event to attract new financial advisers
AMP has announced a partnership with advice community and careers technology platform Striver for the annual Brimstone event series, scheduled to take place in Sydney next week. Read more
Invest
North expands managed portfolio options with new customisation features
North, a leading Australian wrap investment platform, has announced an expansion of its customisation options for managed portfolios, aiming to provide advisers with greater flexibility for their ...Read more
Invest
State Street partners with Taurus to expand digital asset capabilities
State Street Corporation has announced a strategic agreement with digital asset infrastructure provider Taurus SA to enhance its digital asset offerings for institutional clients. Read more
Invest
State Street to provide custody and administration services for Brighter Super's $30 billion in funds
State Street Corporation has been chosen as custodian and administrator for more than $30 billion in funds invested for members of Queensland-based superannuation fund Brighter Super. Read more
