Micro-investing platform Wombat has expanded its range of impact investments with the launch of a new sustainable food ETF.
Rize Sustainable Future of Food UCITS ETF is listed on the London Stock Exchange with the ticker FOOD LN, and is the first thematic fund of its kind to be made available to UK and European investors.
The fund provides investors with exposure to dozens of companies contributing to the creation of more sustainable food production systems and consumption patterns. Among the fund’s top 10 holdings are Beyond Meat, the plant-based food company, Oatly, the world’s largest oatmilk company, and Tattooed Chef, a US-based farm-to-table business which plants and manufactures all its own products.
The fund was created in collaboration between specialist thematic ETF issuer Rize and thematic research company Tematica Research.
‘The Future of Food’ is the 27th theme-based fund to be added to the Wombat platform and the fifth impact investment option. Wombat’s mission is to make investing more accessible and its thematic ETFs are a crucial part of its offering to new or novice investors.
Kane Harrison, CEO and co-founder of Wombat, comments: “We are pleased to be ahead of the curve in offering UK investors access to the burgeoning sustainable food industry. The Future of Food fund offers exposure to forward-thinking, innovative companies that are set to benefit from the transformation of the global food system.
“At Wombat we have found that some of our most popular thematic funds are those that offer impact investment opportunities, such as our Medical Cannabis and Green Machine ETFs. We think this new sustainable food fund is a great addition to that range and it means we now offer a very competitive choice of impact investments when compared with other micro-investing platforms. We will continue to look at opportunities to broaden this list and seek ways to offer our investors exposure to the companies and themes they care most passionately about.”