ProcureAM Celebrates the One-Year Anniversary of the Disaster Recovery Strategy ETF

FIXT offers a distinct opportunity to invest in risk mitigation and recovery efforts from natural disasters, an increasingly catastrophic consequence of climate change

LEVITTOWN, PA / ACCESSWIRE / June 1, 2023 / ProcureAM today celebrates the one-year anniversary of the Disaster Recovery Strategy ETF (Nasdaq:FIXT). FIXT tracks a portfolio of companies engaged in mitigating the risk of and recovering from natural disasters, such as hurricanes, wildfires, floods and earthquakes.

Foto: Accesswire

The objective of FIXT is to seek investment results that correspond generally to the performance, before the Fund's fees and expenses, of the VettaFi Natural Disaster Recovery and Mitigation Index. The VettaFi Natural Disaster Recovery and Mitigation Index is designed to track stocks listed on developed market recognized exchanges that are involved in all stages of the natural disaster management cycle, including prevention, detention, tracking and warming, response and recovery. One may not directly invest in an index.

In 2022 alone, natural disasters caused $313 billion in global economic loss¹, with 75% of global insured losses occurring in the U.S¹. Since the inception of FIXT, the U.S. has been devastated by a seemingly endless series of natural disasters, from the wrath Hurricane Ian unleashed on Florida in October 2022 to the tornadoes this spring that flattened communities across Mississippi. On a global scale, a series of earthquakes desecrated regions of Syria and Turkey. FIXT advisor Elias Azrak was in Southern Turkey during the earthquake and witnessed first-hand the devastation to the region's communities, economy and infrastructure.

"The importance of natural disaster risk mitigation and recovery is often overlooked by investors. However, it's hard to come across an individual whose life hasn't been negatively impacted by a hurricane, tornado, earthquake or some other natural disaster," says Andrew Chanin, CEO of ProcureAM. "FIXT provides an opportunity for investors to support and make critical investments in the many companies around the globe protecting us from natural disasters and helping communities rebuild in their aftermath."

FIXT holdings include Generac* (GNRC) and Cummins Inc.* (CMI), which provide back-up electrical sources during storms. In addition, Great Lakes Dredge and Dock* (GLDD) is the largest dredging and land reclamation provider in the U.S., responsible for rebuilding over 22 miles of coastline in New Jersey after Hurricane Sandy. Offering total storm response services, Clean Harbors* (CLH) helps companies to prepare and respond to storms, including oil spill response in the Gulf of Mexico and other oil-heavy regions.