Columbia Emerging Markets Consumer ETF

ECON

Market cap $240M

Investors seeking defensive exposure beyond a broad-based consumer staples exchange-traded fund (ETF) might look to a number of unique funds nonetheless notable for their recent performance. Consumer staples companies appeal to investors when recession fears mount for their supposed resilience in the face of difficult economic conditions.

The U.S. ETF industry saw 22 new ETFs debut last week, which was the best one for launches across multiple months. The issuers launching funds include Capital Group, Direxion, First Trust, Invesco, NEOS, Neuberger Berman, newcomer Nightview Capital, PGIM, Strive, TCW and YieldMax.

For the second week in a row, launches of new ETFs have been sluggish, to say the least. Granted, the five launches that took place this past week were more than the two that launched in the week ended April 19.