“The Fund seeks to track the performance of an index composed of U.S. Consumer Staples Sector companies as defined by the Global Industry Classification Standard (GICS)”
Regardless of the global economy, people need everyday essentials, such as cleaning products, food, drinks etc. A good ETF to build wealth with steady reinvestment (Accumulation).
This and other US based ETFs like this (before the EU banned us from buying them) have done very well for me in the past.