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The ETF sponsor Procure ETF Trust earlier this week filed for two new funds, one of which is dedicated to outer space and the burgeoning economy related to the cosmos. The Procure Space ETF will hold companies that derive “substantial revenue from space-related activities,” including satellite-based companies, firms involved in rocket manufacturing and maintenance and space-based imagery and intelligence services.
The fund’s construction, according to the filing, will divide companies into two categories: those that derive the majority of their revenue from space-related activities, and those that have involvement in the industry but other revenue streams outside of space. The first category will comprise 70% of the index’s weighting, the filing read.
Submitted January 17, 2018 at 02:45AM by chak2005 http://ift.tt/2EPDJ0P