(Photo: NASA)
Exchange-traded product issuer ProcureAM is boldly going where no one has gone before with the launch of the Procure Space ETF (UFO).
The global ETF, which is the first product launched by ProcureAM, gives investors pure-play access to the expanding space industry.
UFO tracks (before fees and expenses) the S-Network Space Index, which focuses on companies that are significantly engaged in space-related activities. Index constituents span multiple industries, including satellite-based consumer products and services, rocket and satellite manufacturing, space technology hardware, and space-based imagery and intelligence services.
Approximately 80% of companies in the index derive the majority of revenues directly from their involvement in the space industry, enabling investors to potentially capture this growing segment of the global economy. UFO has an expense ratio of 0.75%.
Global X Launches ETF targeting the Transformative Genomics Industry
Global X ETFs, the New York-based provider of exchange-traded funds, launched an ETF that's designed to benefit from advances in the field of genomic science.
The Global X Genomics & Biotechnology ETF (GNOM) tracks the Solactive Genomics Index, which holds a basket of companies that potentially stand to benefit from advances in the field of genomic science, such as companies involved in gene editing, genomic sequencing, genetic medicine/therapy, computational genomics, and biotechnology. GNOM has a total expense ratio of 0.68%.
First Ascent Launches Flat-Fee, Multi-Factor, Open Architecture Portfolios
First Ascent Asset Management announced the launch of its Factor Select portfolios, which are factor-based portfolios to be offered for a low, flat annual fee of $500.
The new portfolios were developed in response to advisor demand.
The portfolios tilt toward the value, size, quality, and momentum factors because there is strong historical evidence that they can provide a performance advantage.
First Ascent built these portfolios using an open architecture approach that allows it to utilize funds from different asset management firms. Each firm defines and manages exposure to the factors somewhat differently, giving the Factor Select portfolios additional factor diversity.
The Factor Select portfolios hold between five and eight positions and their internal expenses range from 0.11% to 0.23%.
SoFi Releases SoFi Select 500 and SoFi Next 500 ETFs
