CTVA Corteva Inc

By Dieter Holger

Defiance ETFs LLC said Thursday that it has launched a new exchange-traded fund on the New York Stock Exchange that invests in environmentally-friendly food and agriculture companies.

Top holdings of the Next Gen Food & Agriculture ETF (DIET) include Norwegian fish-farmer Mowi ASA (MOWI.OS) at 5.37%, Canadian fertilizer company Nutrien Ltd. (NTR.T) at 4.74% and agriscience provider Corteva Inc. (CTVA) at 4.57%. Plant-based food company Beyond Meat Inc. (BYND) is the ninth top holding at 2.42%.

The ETF charges an expense ratio of 0.30% or $30 for every $10,000 invested annually.

"One of the most important challenges facing the world right now is finding ways to massively increase global food supply in a way that also manages environmental impacts and meets the needs of an increasingly health-conscious consumer," said Paul Dellaquila, president of Defiance, in prepared remarks.

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

(END) Dow Jones Newswires

November 14, 2019 09:18 ET (14:18 GMT)

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