Procure Disaster Recovery Strategy ETF
FEMA
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- Procure Disaster Recovery Strategy ETF (FEMA), formerly trading under the ticker FIXT, operates as an exchange-traded fund that seeks to track the performance of the VettaFi Natural Disaster Recovery Index through a full replication technique; the index comprises an equal-weighted portfolio of globally listed stocks and depositary receipts of approximately 60 companies engaged in natural disaster recovery and mitigation efforts across climatological, geophysical, hydrological, and meteorological categories. The fund invests in public equities operating in industrials sectors including capital goods, power equipment, electrical components and equipment, batteries, heavy electrical equipment, power generating equipment, motors and generators; key holdings have included companies such as Generac Holdings, Home Depot, Lowe's, Jacobs Solutions, and Aecom, which provide essential infrastructure rebuilding, mitigation services, generators, and resilient building materials. Launched on May 31, 2022, by ProcureAM, LLC, with co-management by Penserra Capital Management LLC, the ETF targets growth and value stocks across diversified market capitalizations in global markets, with geographic exposure spanning the United States, Switzerland, Spain, Germany, Ireland, Hong Kong, and other regions. ProcureAM, LLC, headquartered at 16 Firebush Road, Levittown, Pennsylvania, serves as the issuer and sponsor under Procure ETF Trust II, a U.S.-domiciled entity focused on innovative thematic exchange-traded products. The firm, founded by industry veterans Andrew Chanin and Robert Tull, provides investors access to distinct opportunities in high-growth sectors like disaster resilience, amid projections of annual natural disaster costs reaching $2 trillion by century's end. In recent developments, ProcureAM changed the ETF's ticker from FEMA to FIXT on February 15, 2023, to better reflect its focus on global disaster recovery and risk reduction; the management fee was reduced on Earth Day 2024 to enhance investor appeal in resilient infrastructure. However, ProcureAM announced the fund's closure on October 3, 2024, with trading ceasing on October 17, 2024, and liquidation proceeding on October 24, 2024, marking a significant strategic wind-down amid market dynamics. No recent partnerships, acquisitions, or new product launches specific to this ETF were reported in 2024 or 2025.