REX Shares has introduced a new thematic ETF targeting the rapidly growing drone industry. The REX Drone ETF (DRNZ), which debuted this week, is being billed by the issuer as the first ETF focused specifically on drones and unmanned aerial vehicles (UAVs).The global ETF tracks the VettaFi Drone Index, which is designed to capture both “pure play” and “diversified” drone companies. According to the index provider, 80% of the index weight goes to pure-play firms, or those deriving at least 50% of their asset ...

On Wednesday, REX Shares expanded its lineup of alternative ETF investment solutions with the release of the REX Drone ETF (DRNZ). REX Shares notes that DRNZ is the first fund to offer pure-play expos... ...