FEMA ETF Invests in Natural Disaster Recovery Efforts. Procure Holdings LLC subsidiary ProcureAM launched the Procure Disaster Recovery Strategy ETF (FEMA),
which begins trading today on the Nasdaq Exchange. FEMA is the first fund to invest in companies worldwide that are engaged in sustainable recovery and risk reduction efforts related to natural disasters.
The Diva is not clear on what this means. She invites readers to help explain it.
It’s like a mutual fund (investment) that you can trade on a stock exchange instead of using your 401K or whatever. There is no literal connection to FEMA – but it looks like they invest your funds in stocks and bonds related to disaster recovery.
Thanks, that is helpful.