VanEck lists ETF tracking global agribusiness value chain

VanEck has listed the VanEck Agribusiness UCITS ETF (ISIN IE000GLK5WA7) on the London Stock Exchange. The fund trades under the tickers MOO (USD) and MOOG (GBP) and is domiciled in Ireland. VanEck Asset Management B.V. manages the ETF.

The ETF physically replicates the MVIS Global Agribusiness Index and holds a concentrated portfolio of about 50 equities from developed and emerging markets. Eligible companies must generate at least 50% of their revenue from agricultural activities. The fund’s base currency is USD, it reinvests income, and its total expense ratio is 0.55%.

Sector exposure covers seed and crop genetics, fertilisers and agricultural chemicals, irrigation equipment and machinery, animal health and livestock breeding, aquaculture and fisheries, crop cultivation and commodity trading. The MVIS Global Agribusiness Index was launched in July 2012, targets coverage of 90% of the free-float market capitalisation of its eligible universe and is rebalanced quarterly. MarketVector Indexes GmbH is the index provider and the product uses full physical replication.

VanEck cited United Nations population projections that estimate global population rising from about 8.2 billion in 2024 to roughly 10.3 billion by the mid-2080s, and noted that global farmland has been largely flat since around 2000. The firm pointed to climate factors such as warmer soils and heavier rainfall that can increase nutrient losses, and referred to a 2023 meta-analysis in Nature Communications which found improved nutrient management could raise the share of applied nitrogen taken up by crops from about half to closer to three-quarters.

Martijn Rozemuller, Head of Europe at VanEck, noted that demand for food remains relatively steady across economic cycles and that many agribusiness companies have historically been able to pass higher input costs along the value chain. He added that investment in agribusiness can act as a potential buffer within a diversified portfolio, while returns will vary.

The ETF is classified under SFDR Article 6, meaning it does not pursue sustainability objectives, does not apply environmental, social or governance screens, and makes no sustainability claims. VanEck said references to demographic and productivity trends are provided as macroeconomic context and should not be read as statements of environmental or social outcomes delivered by the fund.

The listing adds a London trading option for investors seeking targeted exposure to equities of companies involved in food production and distribution.