Opalesque Industry Update - European investors are being given the chance to access the expanding space economy through the launch of Europe s first Space ETF, Procure Space UCITS ETF (ticker: YODA) YODA in the latest innovation on the HANetf platform with Procure.
Procure has a sister ETF in the US with the ticker: UFO and is from the same team that was behind notable thematics including the world s first Cyber Security ETF. The YODA ETF will list on London Stock Exchange in early June 2021 and has been passported for sale across Europe.
The launch is being supported with a bespoke SPACE index - the first and only Certified Space Data Product recognised by space exploration advocacy and education organisation Space Foundation - focused on satellite operators and hardware makers.
Some of the funds have a higher weighting to large aerospace and defence conglomerates
London’s first space ETF, the Procure Space UCITS ETF (LON:YODA), is primed for takeoff this month but it is not the only one of its kind on the market.
It is a sister fund to the first ever space ETF, the Procure Space ETF (NASDAQ:UFO), which in the US is up against two other passive funds focused on the space economy, the SPDR S&P Kensho Final Frontiers ETF (NYSEARCA:ROKT) and the ARK Space Exploration & Innovation ETF (BATS:ARKX).
There are various similarities and differences between the three.