Lauren Foster of Barron’s reports on an ETF that is investing in natural disaster relief.
- The $5 million Procure Disaster Recovery Strategy ETF tracks a portfolio of companies that help in the recovery of wildfires and other natural disasters.
- Included in the fund is battery maker Nvidia and Lockheed Martin who have both signed agreements with the Department of Agriculture’s Forest Service and the Colorado Division of Fire Prevention & Control to use AI sensing to track and predict wildfire patterns.
- In 2023, the fund is up 22% and is outpacing the S&P500.
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