Space ETF Key Takeaways | September
Holdings in the News
- Iridium announces $400 Million USD stock buyback.
- Lockheed Martin opens new small-sat factory in Colorado with 180 satellite per year production goal.
- Rocket Lab reuses engine for additional launch paving way to more fully reusable launch.
- Dish Network and EchoStar prepare for potential merger.
- SES awarded US Air Force contract related to DEUCSI Program.
Macro Outlook
To InfIndia and Beyond
On August 23, 2023, India succeeded in becoming the first country to successfully land a spacecraft on the Moon’s south pole. The craft, named Chandrayaan-3 (“moon vehicle”) makes India only the 4th nation to succeed in safely landing a craft on the Moon’s surface, joining the US, Soviet Union and China. This momentous event is more than just a triumphant achievement for India’s space program but also one that has the ability to provide advanced insight into the elusive pole’s environment and composition. Ironically, Russia unsuccessfully attempted to land a craft near the Moon’s south pole several days earlier resulting in a catastrophic failure and crash. Although the risks are high, the rewards seem promising as numerous countries expand their ambitions to create a lunar presence.
US- Through its Artemis program and others, the US has ambitions of returning humans to the Moon and establishing a permanent research base before the end of this decade.
China- Since recently positioning a lunar focused satellite and its very own orbiting space station, China too looks to establish a permanent presence on the Moon before the end of this decade creating a true space race between rival nations.
India- While no official plans have been released, India does have plans for a joint mission with Japan’s space agency to send another rover to the moon over the next few years.
Russia- Despite recent failure, the country is determined to prove its capabilities from a defensive and technological basis. The ability to secure lunar resources and access to the Moon may be done independently or in joint efforts with China.
Japan- Just this week, Japan launched its SLIM lunar mission where it hopes to achieve a soft landing on the Moon’s surface within the next few months. Although future missions are still under development, if successful, this would make Japan the 5th nation to successfully achieve a soft landing on the Moon’s surface.
While this highlights several future goals for the Moon, global lunar ambitions seem to launching at the same time.
Sources available upon request. Please remember that when you invest in ETFs, your capital is at risk.
Space ETF Performance Table
As of 31.08.2023
|
|
1M
|
3M
|
6M
|
YTD
|
12M
|
2Y
|
SI
|
|
Procure Space UCITS ETF
|
-6.77%
|
0.18%
|
-7.66%
|
-4.42%
|
-10.74%
|
-39.69%
|
-37.65%
|
|
S-Network Procure Space Index
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-6.72%
|
0.35%
|
-7.32%
|
-3.97%
|
-10.20%
|
-38.88%
|
-36.64%
|
Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31/08/2023
Performance before inception is based on back tested data. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. When you invest in ETFs and ETCs your capital is at risk.