NEW YORK--(BUSINESS WIRE)--Defiance ETFs has announced the launch of The Defiance Next Gen Food and Agriculture ETF (NYSE: DIET), available for trading today, with an expense ratio of 0.30%.
The DIET ETF provides exposure to companies that are focused on technologies like alternative plant-based sources of meat, such as Beyond Meat (BYND), seed modification, sustainable farming and irrigation techniques.
“One of the most important challenges facing the world right now is finding ways to massively increase global food supply in a way that also manages environmental impacts and meets the needs of an increasingly health-conscious consumer,” said Paul Dellaquila, President of Defiance ETFs.1
DIET offers investors liquid, transparent and low-cost access (0.30%) to globally-listed stocks, across all market capitalizations, and tracks the BlueStar Food and Agriculture Sustainability Index. DIET joins an ETF family that also includes FIVG, the first 5G ETF; and QTUM, focused on the quantum computing and machine learning space.
About Defiance ETFs
Defiance ETFs is a low-cost* thematic ETF provider focusing on the Next Generation of investors.
The Funds’ 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. The prospectus can be obtained by calling 1-833-333-9383 Please read it carefully before investing.
Investing involves risk. Principal loss is possible. As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Fund is not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk. The Fund is considered to be non-diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. This risk is magnified in emerging markets. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies. The food industry and agriculture related companies can be significantly affected by factors including consumer trends, the environment, government regulation, economic conditions, commodity prices, consumer preferences and weather conditions.
A commission may apply when buying or selling an ETF.
DIET is distributed by Quasar Distributors, LLC.
1 “Future Returns: Investing in the ‘Food Revolution’”, Abby Schultz, Barron’s, September 10, 2019.
https://www.barrons.com/articles/future-returns-investing-in-the-food-revolution-01568144158
