UFO Profile
The Procure Space ETF is designed to provide investors with targeted exposure to companies significantly involved in the space industry. The fund aims to invest at least 80% of its net assets in securities that are part of the underlying index, which consists of companies deriving at least 50% of their revenues or profits from space-related activities. These activities include satellite technology, space exploration, and other space-related ventures, offering a comprehensive investment in the expanding space sector.
The underlying index for the Procure Space ETF is a specialized benchmark created to track the performance of publicly traded companies engaged in the space industry. It encompasses a global portfolio of firms that are heavily invested in space technologies and infrastructure. This includes companies involved in satellite communications, space transportation, space exploration, and related services, reflecting the growth and innovation within the space sector.
The fund’s investment strategy is centered on identifying and investing in companies that play a significant role in the space economy. By focusing on firms that generate substantial revenue or profit from space-related activities, the ETF aims to capture the growth potential associated with advancements in space technology and exploration. This approach provides investors with an opportunity to participate in the space industry's growth, which includes developments in satellite deployment, space travel, and other emerging space technologies.
Managed by Procure Asset Management, the ETF is crafted to offer a focused investment in the space industry while maintaining a non-diversified portfolio. The fund's strategy highlights its commitment to leveraging the rapid advancements and expanding opportunities within the space sector. With the increasing interest and investment in space technologies, the Procure Space ETF offers investors a specialized vehicle to gain exposure to this dynamic and evolving industry.
|
