Procure Space ETF (UFO)

Investors can shoot for the stars with this space economy ETF

As emerging tech explodes onto the scene and interest in space exploration continues, investors are wondering where they can gain the best exposure to the space economy. ProcureAM Co-Founder and CEO Andrew Chanin joins Yahoo Finance to discuss Procure's Space ETF (UFO) and why investors should consider adding it as interest in space exploration gains momentum. "What the index looks at is for primarily... companies that are deriving a majority of their revenues from space-related activities, businesses, and services... roughly 80% of the fund looks at these more pure play space companies, but also recognizing that some of the biggest players in the space industry are your prime contractors, your diversified aerospace and defense companies," Chanin explains. "But maybe not... 50% or more of the revenues coming from that area, but the index looks for those diversified companies that are still making over 20% of the revenues from space, hundreds of millions a year in revenues from space." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino