The Betashares Future of Food ETF (ASX: IEAT) now available on the ASX.
IEAT will provide exposure to innovative companies from sectors including smart farming (e.g. vertical farming, precision agriculture and the use of automation in farming), plant-based and cell cultured foods, and sustainable packaging (e.g. biodegradable and compostable packaging).
IEAT’s index constituents currently include global leaders in the food production sector, including:
- Beyond Meat, a well-known producer of plant-based meat substitutes for burgers, sausages, and other beef products
- Tattooed Chef, a leading producer of plant-based ready-to-cook frozen meals
- Danone, a global food products company with an increasing presence in the plant-based dairy market
The launch of this innovative Australian-first ETF comes as technological innovation revolutionises the way food is produced and distributed across the globe.
This thematic is underpinned by several powerful megatrends, such as an increasing global population, improving living standards, more awareness about the impact of livestock on greenhouse gas emissions and animal welfare considerations.