A new ETF for plant-based investors

Vegans have now another reason to smile with the launch of a new plant-based product. It's not another meatless burger or animal-free beauty product. It's the actively managed VegTech Plant-based Innovation & Climate ETF (EATV). The fund by VegTech LLC provides exposure to publicly traded companies innovating with plants and plant-derived ingredients and producing primary products that are animal-free.

EATV co-founders, Elysabeth Alfano and Sasha Goodman believe these companies could help tackle climate change as well as solve some of the world's most pressing problems such as food security, deforestation, animal cruelty, and growing public health concerns. On the business side, Boston Consulting Group (B.C.G) estimates that the plant-based food industry will grow 7.4 times from $39 billion to $290 billion by 2035. Last year, plant-based food sales grew 27% in the U.S., according to April 2021 SPINS data, nearly twice as fast as overall food sales (Source: Good Food Institute).

The newly launched Thematic EATV (Dec. 28th, 2021) has an expense ratio of 0.75% and trades primarily on NYSE Arca. In terms of country exposure, the United States has the highest share (77%), followed by Canada (5.15%), Sweden (5.02%), and Belgium (3.48%). The investment categories include plant-based food & beverage (55%), agricultural technology & science (16.8%), plant-based materials, cultivated meat and precision fermentation (10.4%), and plant-based materials, climate & other (17.8%)

Highlighting the fund's 37 holdings are Beyond Meat (8.57%), MGP Ingredients (8.14%), Amyris (7.32%), Elf Beauty (6.60%), Oatly Group (5.28%), Olaplex Holdings (5.1%), Ingredion (4.98%), Celsius Holdings (4.24%), Anheuser-Busch InBev (3.89%), and National Beverage Corporation (3.87%).

EATV is down -3.7% since launch.

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