New ETFs for Canadian investors

Article Excerpt

This month we look at a space exploration ETF from ARK Invest that targets rising investor interest in space and related stocks. We also look at an ETF from Horizons that invests globally in semiconductor (computer chip) companies. ARK Invest recently launched the ARK Space Exploration and Innovation ETF $20.78 (New York symbol ARKX). The fund aims to select companies that launch or make satellites and/or launch vehicles, or that stand to benefit from space exploration technologies such as precision agriculture, Internet service providers, drone operators and so on. The ETF invests globally, but the bulk of the assets are allocated to U.S. companies (72%), while 12% of its assets are held in Chinese stocks. Top holdings in the fund include Trimble, Kratos Defense, Iridium Communications, L3 Harris Technologies, and Thales SA. The fund launched on March 30, 2021, and charges a management fee of 0.75%. The asset base has grown rapidly and now stands at $627.0 million. ARK Space Exploration and Innovation ETF taps…