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A new ETF investing in disaster relief launches in time for hurricane season

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cnbc.com

In this article The Atlantic hurricane season is in full swing, and a new exchange-traded fund that focuses on disaster recovery has launched just in time for it.

The first-of-its-kind Procure Disaster Recovery Strategy ETF invests in companies working to reduce risk and motivate sustainable recovery from natural disasters around the world. «Our partners at VettaFi and the team that helped construct this index looked at things like hurricanes, floods, droughts, wildfires, tornadoes — natural disasters that are occurring all around the globe — and what companies are actually stepping up to help us in those efforts,» ProcureAM CEO Andrew Chanin told CNBC's "ETF Edge" this week.

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