The Space Investor - 🚀 UFO-Focused ETF Inbound

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• The asset manager recently submitted regulatory filings with the SEC for an ETF titled Tuttle Capital UFO Disclosure AI Powered ETF ($UFOD) will invest at least 80% of its assets in “believes have potential exposure to advanced or ‘reverse-engineered’ alien technology, spurred by disclosures about UFOs and alleged advanced technologies.”
   
• These companies will include aerospace groups and defence contractors that may have research and development programs “rumored to work with classified technology, potentially leading to groundbreaking advancements."
   
• Each offering will integrate AI-driven selection models to determine portfolio composition and adjust allocations. The filing states that the ETFs will be listed on the Cboe BZX Exchange.
   
• Specific launch dates and expense ratios have not been disclosed at this time, which are pending regulatory approval process.
   
• Space investors will have another ETF comparable to add to their watchlists and portfolios.

• The Defence and Space segment reported annual revenues of €12.1 billion, or +5% YoY, mainly driven by the Air Power business.
   
• The segment also produced adjusted EBIT of €(566) million that reflects the realization of €1.3 billion in charges from space programs.
   
• CFO Thomas Toepfer said that the company does not anticipate additional charges as it’s completed the review of all its space programs. Shares traded -6% lower on the week.

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