Food Supply Fears Send Record Cash Flowing to Long-Forgotten ETF
- Inflow ‘surely meets the definition of parabolic,’ Pillow Says
- Other funds like PBJ, DBA, VEGI all also see renewed interest
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An exchange-traded fund focused on food and beverages is seeing a spike in interest for the first time since its creation amid fears over a mounting global food crisis and rising prices.
The First Trust Nasdaq Food & Beverage ETF (ticker FTXG) on Friday saw an inflow of $230 million, the most since its inception in 2016, data compiled by Bloomberg show. Investors have now added money into the fund for three straight days, following years of inactivity.