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 ...

Core Insights - REX Shares has launched the REX Drone ETF (DRNZ), marking the first fund to provide pure-play exposure to the drone industry [1] Company Developments - The introduction of DRNZ expands REX Shares' range of alternative ETF investment solutions [1] - The fund aims to capitalize on the growing demand and investment opportunities within the drone sector [1] Industry Trends - The drone industry is experiencing significant growth, driven by advancements in technology and increasing applications across various sectors [1] - The launch of DRNZ reflects a broader trend of financial products focusing on niche markets and emerging technologies [1]