MoneyWeek

A new entrant in the space race

I recently highlighted the launch of a new exchange-traded fund (ETF) in the space sector: the Procure Space UCITS ETF (LSE: YODA). Now comes news of another new fund in the same area, an actively managed investment trust called the . It is set for an initial public offering (IPO) worth £180m. The closing date for applications is Friday 9 July, with dealing commencing on Wednesday 14 July. The fund is targeting a net-asset-value (NAV) total return of at

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