Source: Business Insider Markets
Summary List Placement Cathie Wood’s latest exchange-traded fund focused on investments in space exploration may lift off as soon as next week based on regulatory filing dates, marking the debut of the fund manager’s first ETF since 2019. ARK Space Exploration (ARKX), the newest fund from Ark Investment Management, would focus on companies involved in space exploration and innovation in the US and around the world. Wood’s ARKX filed on January 13 , as first reported by Bloomberg , making March 29 the earliest date Ark could complete the Securities and Exchange Commission approval process barring any delays. The arrival of ARKX comes alongside rising interest in space exploration among investors. Procure Space’s UFO space-themed ETF has seen an 11% gain year-to-date. UFO said it’s the world’s first pure-play space ETF and holds Loral Space, Viasat, and Gilat, among others. “We see that as validation that we were first to this pure-play space industry and providing investors with this global exposure,” Andrew Chanin, CEO of Procure AM, told Insider.