/zigman2/quotes/232040317/composite EATV -0.13%
Jun 27, 2022 (PRNewswire via COMTEX) -- PR Newswire
LOS ANGELES, June 27, 2022
VegTech(TM) Invest, Advisor to EATV , the V egTech(TM) Plant-based Innovation & Climate ETF, throws historic party at The New York Stock Exchange celebrating the EAT V listing and world's first Plant-based Innovation ETF, (NYSE: EAT V ) .
LOS ANGELES, June 27, 2022 /PRNewswire/ -- EAT V (NYSE: EAT V ), the V egTech(TM) Plant-based Innovation & Climate ETF, made history on June 23 [rd] , when its advisor, VegTech(TM) Invest , threw a party at The New York Stock Exchange celebrating the listing of the world's first Plant-based Innovation ETF.
A World's First: Plant-based Innovation Defines a New Impact Asset Class
"With the EAT V ETF, we are proud to create a completely new impact asset class: Plant-based Innovation & Alternative Proteins. The ETF has over 40 companies up and down the supply chain that are innovating with plants and plant-derived ingredients to create animal-free products for sustainable consumption to address climate change and food security," said CEO of V egTech(TM) Invest, Elysabeth Alfano.
"The EAT V ETF drives capital to companies innovating to disrupt the current food supply system with plant-based products that require fewer resources to produce than the animal-based counterparts. I believe this efficiency addresses food security, is less damaging to the environment, and is critical to fighting climate change," explains Dr. Sasha Goodman, EAT V Fund Manager.
"Given the global, urgent need to combat climate change, diminishing planetary and human health and food insecurity issues, we believe that Plant-based Innovation, a way of mitigating these crises, is at the beginning stages of a global megatrend," shared Alfano. "Individual investors and governments recognize the need to invest in Plant-based Innovation as a solution for change in the food and materials supply chains."
A Swiss Army Knife Approach: The Power of Impact
Plant-based Innovation is a Swiss Army knife approach to tackling some of the world's most pressing issues. According to a University of Michigan Life Cycle Analysis , a Beyond Meat burger uses 99% less water, 93% less land, emits 90% fewer greenhouse gases and uses 46% less energy.
The top ten constituents of EAT V as of 5/2/22 are Ingredion /zigman2/quotes/202017256/composite INGR +0.62% , Givaudan (sw:GIVN), E.L.F Beauty Inc /zigman2/quotes/202760864/composite ELF +2.15% , Amyris Inc /zigman2/quotes/200266877/composite AMRS -3.53% , Beyond Meat /zigman2/quotes/211617595/composite BYND -4.29% , Sensient Technologies Corp /zigman2/quotes/203464885/composite SXT +0.37% , Yukiguni Maitake (jp:1375), Limoneira /zigman2/quotes/208923272/composite LMNR +2.04% , Thai Wah Public Co (tb:TWPC-R), Mission Produce /zigman2/quotes/221441980/composite AVO +2.69% , and Vitasoy International (hk:345). Oatly /zigman2/quotes/226726562/composite OTLY -2.39% and Gingko BioWorks /zigman2/quotes/226092395/composite DNA -0.31% are also in the fund.
Party: EAT V -Style
The historic party of almost 100 included visiting the NYSE trading floor, a short overview of the fund from Elysabeth and a toast by members of The Good Food Institute. Bankers, Global Wealth Managers, Institutional and Impact Investors, and New York's Broadway elite were also in attendance.
V egTech(TM) Invest
V egTech(TM) Invest advises the V egTech(TM) Plant-based Innovation & Climate ETF, (EAT V ), which launched December 28, 2021. EATV invests in companies actively innovating with plants and plant-derived ingredients to create animal-free products for sustainable consumption to address climate change and food insecurity.
VegTech(TM) Invest has created and is leading a completely new impact asset class: Plant-based Innovation & Alternative Proteins. The ETF provides exposure to the growing trend.
The firm also provides the VegTech(TM) Plant-based Innovation & Alternative Proteins Index , calculated and distributed by Morningstar, as a global benchmark that defines this new sector.
*Holdings are subject to change. Visit https://EATV.VegTechInvest.com
Exchange Traded Funds (ETF) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. It may be obtained by calling 1-424-237-8393, emailing firstname.lastname@example.org or visiting EATV.VegTechInvest.com. Read it carefully before investing.
Investing involves risk including the possible loss of principal. Past performance does not guarantee future results.
The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.
Foreign securities may be more volatile and less liquid than domestic (U.S.) securities, which could affect the Fund's investments.
Stocks of companies with small and mid-market capitalizations involve a higher degree of risk than investments in the broad-based equities market.
The fund is non-diversified and may hold large positions in a small number of securities. A price change in any one of those securities may have a greater impact on the fund's share price than if it were diversified.
The Fund is newly organized and has a limited operating history to judge.
EATV is distributed by Quasar Distributors, LLC.
SOURCE Vegtech Invest
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.
Copyright (C) 2022 PR Newswire. All rights reserved