ProcureAM co-founder and CEO Andrew Chanin joins Wealth! for Yahoo Finance Space Week to offer tips for investing in the space industry. Chanin explains that...
Chanin explains that because it may be difficult for investors to grasp all companies with exposure to the space industry, a space equity traded fund that consolidates such companies can be a useful tool. However, the ProcureAM founder says the management of an ETF is"extremely important," and investors should watch for an"actionable" plan from fund managers .) are ones that" space technologies to make something that is maybe helping consumers.
Uh for this fund, over 80% of the fund is focused on companies driving a majority of the revenues from space. So these are companies that are enabling space technologies to make something that is maybe helping consumers. But management is extremely important and understanding that they have a plan that is actionable and in some cases, you know, some companies are completely reliant upon government contracts um from or from space agencies such as NASA or the ES A over in Europe.
UFO provides, you know, a way that might be interesting for certain investors to get access to many companies doing various different things across the industry.
Fund Managers Space Technologies Andrew Chanin
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