The Procure Disaster Recovery Strategy ETF tracks a portfolio of about 60 companies engaged in recovering from natural disasters, such as hurricanes, wildfires, floods or earthquakes.
While some companies have donated money to Hurricane Ian relief efforts, Chanin argues that the private sector can also help with the recovery through on-the-ground efforts like providing vital services requested by FEMA and other municipalities, building up seawalls and helping to install better drainage capabilities to deal with flooding. A local worker cleans debris in downtown Saint Petersburg after Hurricane Ian passed through the area on Sept. 29, 2022 in Saint Petersburg, Florida.
"Far too often, people may group these types of companies in with more opportunistic types of ventures that are more focused on price gouging to take advantage of a short term opportunity," Chanin explained. "These are the companies that are trying to build long term sustainable defenses and recovery efforts for our communities in the greatest times of need.
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