<ul class="summary-list"><li>A space-focused ETF just added <keyword id="43930" type="ORGANIZATION" weightage="60" keywordseo="UFO">UFO</keyword> interference as a possible risk to fund performance in its prospectus. </li><li>The <keyword id="11531181" type="UNKNOWN" weightage="60" keywordseo="procuream">ProcureAM</keyword> <keyword id="11531178" type="UNKNOWN" weightage="60" keywordseo="space-etf">Space ETF</keyword> (ticker UFO) said flying objects could interfere with many of the satellite companies that the fund tracks. </li><li>The risk disclosure comes as a US government report on UFOs says it still can't explain more than 140 sightings.<a href="https://www.businessinsider.com/?hprecirc-bullet"></a></li></ul>A space-themed exchange traded fund just updated its prospectus to include a potential risk to fund performance: UFOs. The manager behind the <keyword id="11531180" type="UNKNOWN" weightage="60" keywordseo="procure-space-etf">Procure Space ETF</keyword>, which trades under the ticker UFO, said on Monday it added the unidentified aerial phenomena, or "UAP", risk disclosure after top US intelligence and military officials released an <a href="https://www.businessinsider.com/us-government-sources-reported-over-140-ufo-sightings-since-2004-2021-6">report addressing numerous sightings</a> of unexplainable objects. The <keyword id="11531179" type="UNKNOWN" weightage="60" keywordseo="ufo-etf">UFO ETF</keyword> tracks companies involved in the space industry, including companies that use satellite technology which could be impacted by abnormal aerial activity. "Given that currently there is no identification of these observed phenomena, it is possible that UAPs could create unintentional or deliberate operational, data security, 'cyber' and other interference with the operation of satellites and other objects in space," the fund <a href="https://www.procureetfs.com/ufo/summaryprospectus/">prospectus </a>said. "Such activities could result in a significant adverse impact on the Fund's securities, thereby causing the Fund's investment in such portfolio securities to lose value and adversely affecting the Fund's ability to fulfill its investment objectives."The $128 million AUM fund launched in 2019 and tracks an index that invests at least 80% of its net assets in companies that receive a majority of their revenue from space-related businesses. Along with satellite companies, the fund also holds space-based intelligence service companies, rocket operation companies, space hardware companies, and more.Its fact-sheet entices investors with the promises of investing in "other-worldly" opportunities.The ETF is up nearly 24% year-to-date."UFOs, once a figment of science fiction, have now captured mainstream attention and present legitimate national security concerns," said Andrew Chanin, ProcureAM CEO and co-founder. "Whether originating from foreign adversaries or extraterrestrial activity, UAPs have potentially wide-reaching implications that we need to start taking seriously. We are truly just scratching the surface of what we know."

A space-themed ETF that invests in 'other-worldly' opportunities just added UFO interference as a possible risk to fund performance

<ul><li><keyword id="10473418" type="UNKNOWN" weightage="60" keywordseo="cathie-wood">Cathie Wood</keyword>'s latest ETF could launch as soon as next week based on regulatory filing dates.</li><li>ARK Space Exploration would focus on companies involved in space exploration and innovation.</li><li>ARKX <a href="https://www.sec.gov/Archives/edgar/data/1579982/000110465921003837/tm212832d1_485apos.htm">filed on January 13</a>, making March 29 the earliest date Ark could complete the SEC approval process, Bloomberg first reported.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a></li></ul>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 <a href="https://www.sec.gov/Archives/edgar/data/1579982/000110465921003837/tm212832d1_485apos.htm">filed on January 13</a>, as first <a href="https://www.bloomberg.com/news/articles/2021-03-25/cathie-wood-preps-space-etf-as-ark-s-first-new-fund-in-two-years?srnd=markets-vp">reported by Bloomberg</a>, 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. <a href="https://markets.businessinsider.com/news/stocks/6-etfs-for-stock-market-zeitgeist-buzz-fomo-mvp-tickers-2021-3-1030229608">Procure Space's UFO</a> 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. Chanin is behind the UFO space ETF, which launched in 2019.Wood's last fund was launched two years ago, with the debut of ARK Fintech Innovation ETF, which focuses on financial technology innovation. It has had an incredible run thus far, jumping 150% in one year. Wood's flagship fund, ARK Innovation ETF, is also higher by 169% in the same period. The space industry has gained traction in the past months as companies ranging from Elon Musk's SpaceX and Richard Branson's Virgin Galactic have made developments in their pursuits to go outer space.

Cathie Wood's space ETF to launch as soon next week as famed investment manager readies first fund since 2019

<ul><li>There's a growing number of exchange-traded funds designed to capture the market zeitgeist and invest in popular themes.</li><li>"The rise of the so-called <keyword id="46780" type="PERSON" weightage="60" keywordseo="sentiment">sentiment</keyword> <keyword id="46594" type="PERSON" weightage="60" keywordseo="ETFs">ETFs</keyword> ... makes a lot of sense in a socially distanced world," Antoni Trenchev, co-founder and managing partner of Nexo, told Insider.</li><li>Insider provides a list of six sentiment- and specialty interest-driven ETFs available to investors right now.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><hr />In an attempt to capture the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword> zeitgeist, investors have launched various investment vehicles to profit from the current buyers market.Exchange-traded funds are designed to track an index, sector, commodity, or currency - and they've most recently turned their sights on investor sentiment. It's an emerging trend that's been driven in recent weeks by the GameStop stock mania that transpired on Reddit and upended Wall Street."Paradoxically, the pandemic actually led to an influx of new investors, many of whom are likely partaking in the ongoing ETF push," Antoni Trenchev, co-founder and managing partner of Nexo, told Insider. "The rise of the so-called sentiment ETFs, for example, makes a lot of sense in a socially distanced world."He continued: "Instead of talking over beer in the pub, people are taking to Twitter and Reddit to share their attitudes towards <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword>."Insider has compiled a list of six sentiment- and specialty interest-driven ETFs available to investors right now:<h3>(1) BUZZ</h3>Who's it for? Those who love social mediaThe VanEck Vectors Social Sentiment ETF aims to scrape websites like Reddit, StockTwits, and Twitter to determine which stocks are garnering the most positive attention online. It started trading on March 4 and quickly saw <a href="https://markets.businessinsider.com/news/stocks/buzz-etf-dave-portnoy-scores-280-million-inflows-first-day-2021-3-1030155160?utm_source=markets&amp;utm_medium=ingestgest">$280 million in fund inflows</a>. BUZZ, backed by Barstool Sports founder David Portnoy, passed <a href="https://markets.businessinsider.com/news/stocks/buzz-etf-david-portnoy-passed-500-million-net-assets-2021-3-1030225331">$500 million in total net assets</a> just two weeks after.The portfolio is rebalanced monthly and composes of <a href="https://markets.businessinsider.com/news/stocks/vaneck-social-sentiment-etf-target-social-media-reddit-meme-stocks-2021-2-1030056054">75 US large-cap stocks</a> that have the highest degree of positive investor sentiment and bullish perception. Virgin Galactic, the commercial spaceflight developer overseen by billionaire Richard Branson, is its largest constituent.<h3>(2) FOMO</h3>Who's it for? Those who fear missing outThis ETF from the Collaborative Investment Series Trust aims to <a href="https://www.businessinsider.com/fomo-etf-invest-in-market-trends-from-spacs-to-volatility-2021-3">invest in current or emerging trends</a> as a way to alleviate investors' fears of missing the next big thing. It was <a href="https://sec.report/Document/0001387131-21-003381/">filed</a> with the US Securities and Exchange Commission on March 10. FOMO will primarily invest in everything from emerging companies of any market capitalization to SPACs, to equity ETFs, fixed-income ETFs, volatility and inverse volatility ETFs, among others. The fund, advised by Connecticut-based <a href="https://www.bloomberg.com/quote/1011446D:US">Tuttle Tactical Management LLC</a>, will follow "a proprietary tactical model" in managing assets. Read more: <a href="https://www.businessinsider.com/stocks-to-buy-cheap-stocks-to-soar-in-the-value-rotation-jpmorgan-2021-3" target="_blank" rel="noopener">JPMorgan says buy these 50 beaten-down stocks as traders continue to flee high-flyers and pile into cheaper names</a><h3>(3) MVP</h3>Who's it for? Those obsessed with sportsThis <a href="https://markets.businessinsider.com/news/stocks/pro-sports-etf-roundhill-investments-launches-dedicated-professional-teams-leagues-2021-3-1030220907">ETF</a> consists of <a href="https://www.roundhillinvestments.com/etf/MVP/full-holdings">36 sports-related holdings</a> including sports teams, leagues, media companies, and even sports-related <a href="https://www.businessinsider.com/what-is-a-spac?utm_source=markets&amp;utm_medium=ingestgest">SPACs</a>. It was launched on March 17 by Roundhill Investments and Huddle Up newsletter founder Joe Pompliano as the first ETF dedicated to professional sports teams and leagues. MVP's largest holding is Madison Square Garden Sports at 9.39% of the total ETF value. It also includes Formula One and WWE as well as Nike, Puma, Adidas, and MSG Networks.<h3>(4) INFL</h3>Who's it for? Those willing to face inflationThis Horizon Kinetics Inflation Beneficiaries ETF aims to identify companies that would thrive in an inflationary environment. Considering inflation is the foremost fear for equity investors right now, this fund rests firmly in the market zeitgeist.It launched in January 2021 and will consist generally of common stock, ownership units of publicly traded master limited partnerships, and units of royalty trusts.<h3>(5) UFO</h3>Who's it for? Those invested in the space raceThe Procure Space ETF - which says it's the world's first pure-play space ETF - aims to invest in companies engaged in space-related industries. ProcureAM CEO and co-founder Andrew Chanin told Insider said he wants the public to realize the importance of space discovery not only in daily things such as communicating, but also in more far-looking reasons such as military and economic advancements.UFO, launched in 2019, holds Loral Space, Viasat, and Gilat, among others. It may have a competitor in the field soon via star stock picker Cathie Wood's <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-could-be-launching-a-space-exploration-etf-1029966283">Ark Space Exploration ETF</a> under the symbol ARKX. But Chanin is unperturbed."We see that as validation that we were first pure-play space industry and provided investors with this global exposure," he said.<h3>(6) HDRO</h3>Who's it for? Those interested in clean energyThe Defiance Next Gen H2 ETF, a hydrogen and fuel cell-based ETF, aims to track the most liquid, innovative hydrogen stocks in the marketplace. The ETF is focused on companies that put importance on clean energy and next-gen tech innovation. Thus far, it has already accrued <a href="https://www.cnbc.com/2021/03/16/hydrogen-etf-aims-to-seize-on-11-trillion-opportunity-defiance-cio.html">$2.85 million in net assets</a> since its launch last week in March. HDRO composes of Plug Power, Ceres Power, and Ballad Power.Read more: <a href="https://www.businessinsider.com/bitcoin-investing-crypto-hedge-fund-cio-explains-rally-defi-nfts-2021-3" target="_blank" rel="noopener">The CIO of a crypto hedge fund breaks down why bitcoin could rally as high as $400,000 in 2 years - and explains why he's also bullish on DeFi and NFTs</a>

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A space-themed ETF that invests in 'other-worldly' opportunities just added UFO interference as a possible risk to fund performance

Emily Graffeo

Cathie Wood's space ETF to launch as soon next week as famed investment manager readies first fund since 2019

Isabelle Lee

6 ETFs designed to help investors capture the stock market zeitgeist, from Reddit buzz to space travel

Isabelle Lee