New ETFs target Space and Dividends

Article Excerpt

ETF providers in Canada and the U.S. continue to launch new funds to sustain investor interest. This month, we highlight one fund holding companies involved in space-related activities. Another ETF offers its own take on dividends. An ETF investing in space-related companies launched in early April 2019. The Procure Space ETF $25.10 (New York symbol UFO) tracks companies that are involved in space-related activities, including satellite technology and unmanned aerial vehicles. Those space-related industries also include rocket and satellite manufacturing and operation, ground equipment production for satellite systems, space technology and hardware, space-based imagery and intelligence services. The ETF invests globally but the bulk of its 31 holdings are U.S. stocks. They include Trimble (GPS software; 5.0%), Echostar (communications; 4.9%), Intelsat (satellite communications; 4.9%), Dish Network (broadcasting; 4.8%), and Orbcomm (wireless communications; 4.8%). The fund has so far raised $10 million and charges a high MER of 0.75%. The Procure Space ETF is okay to hold, but only for aggressive investors. Brompton Global Dividend…