Europe’s first Space ETF, YODA, counts down to blast off!
- Procure SPACE UCITS ETF, ticker YODA, gives European
investors the first chance to access the expanding space economy
- YODA will launch on London Stock Exchange in early June 2021
- Its SPACE index is the only Certified Space Data Product
recognised by the Space Foundation
- Index focuses on satellite operators and hardware as
investment in the space industry grows but will offer early entry to space
tourism and hospitality as costs fall to meet demand
- The YODA Space ETF
from Procure Innovation is distributed on the HANetf platform alongside its
growing range of innovative ETCs & ETPs
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 Innovation.
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.
The SPACE index has been designed
to capture the growth in the space industry with a focus on pure-play space
companies while reflecting the global exposure of the market with more than 80
countries operating in space. The Space industry is perhaps the ultimate long-term
megatrend.
Back-tested performance shows it
achieved 71.38% returns in the past year (32.41% since inception, 31/12/2014) highlighting
the space economy opportunity for investors as Governments and corporations continue
to expand space exploration and public and private investment in the space
industry grows. Past performance is no guarantee of future performance. When you trade ETFs your capital is at risk.
Robert Tull, President of Procure Innovation and
founder of Procure Space UCITS ETF, said: “We are thrilled to launch Europe’s
first Space ETF, “YODA”. Space infrastructure is enabling numerous technologies like
cloud computing, 5G, IoT, blockchain and beyond. We are pleased to
provide access to the growing interest and investment in the space economy as
well as the potential for investors in YODA. Given the interest of highly
successful entrepreneurs such as Elon Musk, Sir Richard Branson and Jeff Bezoz
is a huge indicator of the potential growth in this sector.
“The commercialisation of space,
whether it’s launching satellites to help meet the growing demands for data
transfer or to support GPS systems and weather forecasts shows how the space
economy is a part of people’s everyday lives and not just about space
exploration.
“Launching the first European space
ETF with HANetf is hugely exciting and we are confident the force will be with
YODA and investors as the space industry continues to grow.”
Hector McNeil, co-Founder and
co-CEO at HANetf, said: “We have wanted to launch a Space ETF for a long
time and are delighted that we are now able to deliver the first in Europe with
a tailored index specifically designed to capture the exciting developments
across the market.
“Satellite systems and technologies
are a major growth market as the growth of Uber, Deliveroo and others
demonstrate. GPS is central to their success just as satellites are vital for
providing higher bandwidth and coverage in broadband and telecoms.
“And of course, space tourism and
hospitality is coming closer to reality with would-be customers queuing to go
boldly where no man has gone before as costs come down.”
The S-Network Space Index (SPACE) tracks around
30+ space industry companies such as satellite-based telecommunications;
transmission of television and radio content via satellite; rocket and
satellite manufacturing, deployment, operation, and maintenance; manufacturing
of ground equipment that is used with satellite systems; space technology and
hardware; and space-based imagery and intelligence services.
Companies in the Procure SPACE UCITS ETF must generate at
least 20% of their total revenue from space-related activities or space revenue
must exceed $500 million annually. Some 80% of the index by weighting is
allocated to companies generating at least half but typically all of their
revenue from space activities while the other 20% is allocated to companies
generating less than half their revenue from space.
Investments focus on satellite
operators and hardware makers with top holdings including Trimble Inc, Gamin
Ltd, DISH Network Corp, Eutelsat Communications and SKY Perfect JSAT Holdings
Inc but the index will provide early entry for space tourism and hospitality
companies as costs fall to meet customer demand. Around 71% of the
index is listed in the US. The ETF will
have a TER of 0.75%. When you trade ETFs your capital is at
risk.
The Space ETF Fund Page