This New ETF Is Up Nearly 30% This Year -- the SpaceX IPO Is Only 1 Reason to Like It
The long-term success of this exchange-traded fund will depend on more than just SpaceX.
This New ETF Is Up Nearly 30% This Year -- the SpaceX IPO Is Only 1 Reason to Like It
Overview
The Tema Space Innovators ETF (NYSEMKT: NASA) has been an early winner of SpaceX's plans for an initial public offering (IPO); as of this writing, the exchange-traded fund (ETF) has climbed roughly 33% this year. It invested in SpaceX through a special-purpose vehicle (SPV) and may buy shares after it goes public.
As an exchange-traded fund (ETF), however, Tema's long-term success will depend on more than how SpaceX performs.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
