UFO

📎 Investment Objective

The Procure Space ETF (UFO) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S-Network Space Index, which is designed to track the performance of companies that are active in the space industry.

✨ Key Features

• Provides exposure to a diversified portfolio of companies involved in the space industry
• Tracks the S-Network Space Index, which is designed to represent the overall performance of publicly-traded companies that are active in the space industry
• Invests in companies across the space industry value chain, including satellite operators, launch providers, and space technology manufacturers
• Relatively new ETF with limited performance history

⚠️ Primary Risks

• Concentration risk as the fund is focused on a specific industry sector
• Volatility risk as the space industry can be subject to rapid changes and technological disruptions
• Liquidity risk as some of the underlying holdings may have limited trading volume
• Passive investment risk as the fund tracks an index and does not actively manage the portfolio

👤 Best For

The Procure Space ETF may be suitable for investors seeking exposure to the growing space industry and who have a higher risk tolerance and a longer-term investment horizon. However, due to the fund's limited performance history, it may not be appropriate for more conservative or risk-averse investors.