<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>As the US economy opens up, investors have been piling into stocks tied to hopes of renewed growth and consumer spending.</li><li>"<keyword id="46594" type="PERSON" weightage="60" keywordseo="ETFs">ETFs</keyword> are an instant global diversification to many different companies from around that industry," Andrew Chanin, CEO of ProcureAM, told Insider. </li><li>Year-to-date, some ETFs tied to <keyword id="6359072" type="UNKNOWN" weightage="60" keywordseo="oil">oil</keyword>, air travel and <keyword id="6354851" type="UNKNOWN" weightage="60" keywordseo="retail">retail</keyword> have seen record highs. </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>Vaccine distribution is priming the economy for a reopening later this year, and the pace so far has been<a href="https://www.businessinsider.com/us-economic-recovery-federal-reserve-jerome-powell-house-testimony-coronavirus-2021-3"> faster than officials expected.</a> Optimism is growing and investors have been piling into stocks that were beaten down by the pandemic but are now set to thrive as economic activity restarts. Investors are finding ETFs to be a solid bet on a range of reopening plays, sending some funds soaring year-to-date in 2021. "ETFs are an instant global diversification to many different companies from around that industry," Andrew Chanin, CEO and co-Founder of ProcureAM, told Insider. Chanin is behind UFO, an ETF focused on space exploration launched in 2019. UFO, he said, is "for investors looking to get access to the space economy and don't want to settle or just pick a couple of names."Year-to-date, ETFs tracking oil, air travel, and retail are soaring, thanks to the value stocks - typically well-established companies that are often undervalued and have lower price-to-earnings ratios - in their holdings that could appreciate with a burst of new economic activity. Cyclical industries are usually attuned to various business cycles. Revenues are higher when there is economic growth and lower in times of contraction.Andrew Slimmon, managing director and senior portfolio manager at Morgan Stanley Investment Management, in a recent note said he is "<a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-federal-reserve-value-stocks-morgan-stanley-2021-3-1030233172">extremely bullish</a>" on value stocks, especially after the Federal Reserve's decision to keep its policy in place until the US economy rebounds last week.Here are three ETFs that are benefitting from investor sentiment around the <keyword id="9294202" type="UNKNOWN" weightage="60" keywordseo="economic-reopening">economic reopening</keyword>:1. <a href="https://markets.businessinsider.com/etfs/united-states-oil-fund-lp-us91232n2071">USO</a>The <a href="https://www.uscfinvestments.com/uso">United States Oil Fund</a> primarily invests in listed crude oil futures contracts and other oil-related contracts. The ETF, which debuted in 2006, may also invest in forwards and swap contracts. The roughly $3 billion fund has gained 26% year-to-date.Oil prices have soared since mid-February due to <a href="https://markets.businessinsider.com/news/stocks/oil-price-natural-gas-texas-freezing-weather-energy-2021-2-1030086085">outages in Texas</a> from the freezing temperatures. Refineries have taken a while to bounce back from the historic blast of winter weather, causing inventories to drop. Still, a <a href="https://markets.businessinsider.com/news/stocks/oil-prices-rally-on-us-outages-and-a-weak-dollar-1030119949">summer rally</a> may be in store for the oil ETF amid a tighter market.Bank of America in February said Brent Crude prices <a href="https://oilprice.com/Energy/Energy-General/Bank-Of-America-Sees-70-Oil-By-Summer.html">could hit $70 a barrel</a> in the <a href="https://markets.businessinsider.com/news/stocks/oil-prices-rally-on-us-outages-and-a-weak-dollar-1030119949">second quarter of 2021</a>. This year, it could average $60, the bank said, raising its average price outlook by $10 a barrel.2. <a href="https://markets.businessinsider.com/etfs/us-global-jets-etf-us26922a8421">JETS</a>The <a href="https://www.usglobaletfs.com/fund/jets-etf/">US Global Jets ETF</a> invests in the global airline industry, which includes airline operators and manufacturers around the world. Launched in 2015, the roughly $11.5 billion fund has gained 25% year-to-date.The index utilizes a tiered weighting scheme driven by market capitalization and passenger load. 70% of its weight is in US large-cap passenger airlines with the top four companies receiving 10% each. The next five largest US or Canadian airlines each receive a 4% weighting. United Airlines and American Airlines are the ETF's biggest holding both at 11% each, followed by Southwest Airlines and Delta Airlines at roughly 10% each. Alaska Air Group takes up 4%The airline industry was among those that suffered the most when large swaths of the global economy shut down, halting travel in nearly every part of the world for some time. <a href="https://www.businessinsider.com/airline-stocks-united-southwest-american-delta-stock-price-air-travel-2021-3">Optimism is gaining</a>, however, when the Transportation Security Administration in mid-March revealed that air travel spiked to its highest level in nearly a year. 3. <a href="https://markets.businessinsider.com/etfs/spdr-sp-retail-etf-us78464a7147">XRT</a>The <a href="https://www.ssga.com/us/en/institutional/etfs/funds/spdr-sp-retail-etf-xrt">SPDR S&amp;P Retail</a> ETF primarily invests in the US retail industry from apparel, automotive, computer and electronic, to department stores, general merchandise stores, and internet and direct marketing, among others. The roughly $635 million fund has gained 42% year-to-date.The top sectors it focuses on are internet and direct marketing at 21.5%, followed by automotive and retail at 18% each.Holdings include Hibbett Sports, Wayfair, Best Buy, eBay, Murphy USA, Revolve Group, Magnite, Dick's Sporting Goods, Albertsons companies, and Target, all weighing a little over 1% each. As the economy rebounds from pandemic lows, the retail sector is making a strong comeback, driven by the pent-up consumer demand. Retail sales, according to the <a href="https://nrf.com/media-center/press-releases/nrf-forecasts-retail-sales-exceed-433t-2021-vaccine-rollout-expands">National Retail Federation</a>, are expected to grow between 6.5% and 8.2% this year to more than $4.33 trillion in sales. Many of the retail companies have also invested in enhancing their online presence to catch up on the e-commerce trend that many experts say is here to stay.

ETFs tracking oil, air travel and retail are soaring as investors pile into stocks tied to the reopening of the economy

<ul class="summary-list"><li> ARKX collected $536 million in its first five trading days, as reported by The Wall Street Journal.</li><li>This figure far surpasses the industry average of ETFs collecting $100 million in three years.</li><li>ARKX may be well on track to hit the $1 billion mark in merely months.</li></ul><keyword id="10473418" type="UNKNOWN" weightage="60" keywordseo="cathie-wood">Cathie Wood</keyword>'s newly launched exchange-traded fund focused on investments in <keyword id="41531" type="COMPANY" weightage="60" keywordseo="space">space</keyword> exploration is on its way to becoming one of the most successful fund launches in history. <a href="https://ark-funds.com/arkx" target="_blank" rel="noopener">Ark Space Exploration and Innovation ETF</a> took in $536.2 million in its first five days since it began trading on March 30, according to FactSet data, as reported by <a href="https://www.wsj.com/articles/cathie-wood-extends-hot-hand-with-ark-space-exploration-etf-11617787802">The Wall Street Journal</a>. This figure far surpasses the industry average of ETFs collecting $100 million in three years. At its current pace, the newest fund of <keyword id="1041631" type="CITY" weightage="60" keywordseo="ARK">Ark</keyword> Investment Management may be on track to hit the $1 billion mark in a few months. The fastest ETF to reach the $1 billion threshold was State Street's SPDR Gold Trust <a href="https://www.wsj.com/market-data/quotes/GLD?mod=chiclets"></a>fund in 2004, which <a href="https://www.businesswire.com/news/home/20191118005142/en/SPDR%C2%AE-Gold-Shares-the-First-US-Gold-backed-ETF-That-Changed-How-Investors-Access-Gold-Celebrates-15-Years">made this record in just three days</a>."I think in terms of metrics of volume and inflow, it would be hard to argue that it's anything but a successful launch," Andrew Chanin, ProcureAM CEO and co-founder, told Insider.But Chanin, the man behind UFO, a passive space-themed ETF, noted that Wood's ETF affords her more wiggle room to invest in companies that do not necessarily generate their revenues from space. The <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-space-etf-ark-innovation-volume-trading-investing-stocks-2021-3-1030260593">top holding</a> of ARKX is <a href="https://markets.businessinsider.com/stocks/trmb-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Trimble</a>, a technology company that provides GPS, laser, and optical technologies. The California-based company has an 8.61% weight in the ETF. <a href="https://markets.businessinsider.com/stocks/ba-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Boeing</a>, <a href="https://markets.businessinsider.com/stocks/lmt-stock?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Lockheed Martin</a>, and Ark's 3D printing <a href="https://markets.businessinsider.com/etfs/the-3d-printing-etf-us00214q5009?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">ETF</a> are also among the <a href="https://ark-funds.com/arkx">top 10 holdings</a>. Wood's <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-space-ark-etf-launch-first-fund-since-2019-2021-3-1030247159">last fund was launched two years ago</a>, with the debut of ARK Fintech Innovation ETF, which focuses on financial technology innovation. The arrival of ARKX comes amid rising interest in space exploration among the broader public. <a href="https://markets.businessinsider.com/news/stocks/6-etfs-for-stock-market-zeitgeist-buzz-fomo-mvp-tickers-2021-3-1030229608?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">UFO</a> has seen a 14% gain year-to-date although it has lagged the S&amp;P 500 since its inception in 2019. UFO is the world's first pure-play space ETF and holds Loral Space, Viasat, and Gilat, among others."It's not being about creative and buying tangential plays on whether the company is affected by space," Chanin said, talking about his fund. "We are actually looking at companies that are generating revenue from space."The space industry has become mainstream in the past years as more well-known companies including Elon Musk's SpaceX and Richard Branson's Virgin Galactic continue to make progress.ARKX closed at $20.81 on Wednesday, down 1.37%.

Cathie Wood's ARKX Space ETF on track for one of most successful fund launches ever

<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>

You Searched For "procuream" and got 4 results

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

Emily Graffeo

ETFs tracking oil, air travel and retail are soaring as investors pile into stocks tied to the reopening of the economy

Isabelle Lee

Cathie Wood's ARKX Space ETF on track for one of most successful fund launches ever

Isabelle Lee

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

Isabelle Lee