ETF Idea Ride on the rapidly growing demand for food with thi | FSMOne SG - Research Highlights

ETF Idea

Ride on the rapidly growing demand for food with this ETF

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• The global agribusiness industry includes the entire spectrum of businesses related to food production.

• Broader secular trends such as population growth and rising income levels, underpin the industry’s long-term growth prospects.

• Additionally, climate change and shortage of arable land means there is a greater need for agricultural innovations and technologies to ensure food and nutritional security.

• Commodity prices, including agricultural commodities, have been rising steadily since last summer. Rising prices of commodities have been a boon to agriculture stocks, with companies supporting production benefitting.

• Investors looking to tap into this megatrend should consider the VanEck Vectors Agribusiness ETF. Our 2023 target price is USD 115, and this offers investors an upside potential of about 27%

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: VanEck Vectors Agribusiness ETF (NYSE: MOO)