Space ETFs Hit Canada With One Tapping Wood’s Ark to Subadvise

Michael Bellusci, Bloomberg News

CAPE CANAVERAL, FLORIDA - MAY 30: In this NASA handout image, detail of the exhaust as a SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft is launched on NASAs SpaceX Demo-2 mission to the International Space Station with NASA astronauts Robert Behnken and Douglas Hurley onboard, Saturday, May 30, 2020, at NASAs Kennedy Space Center in Florida. The Demo-2 mission is the first launch with astronauts of the SpaceX Crew Dragon spacecraft and Falcon 9 rocket to the International Space Station as part of the agencys Commercial Crew Program. The test flight serves as an end-to-end demonstration of SpaceXs crew transportation system. Behnken and Hurley launched at 3:22 p.m. EDT on Saturday, May 30, from Launch Complex 39A at the Kennedy Space Center. A new era of human spaceflight is set to begin as American astronauts once again launch on an American rocket from American soil to low-Earth orbit for the first time since the conclusion of the Space Shuttle Program in 2011. (Photo by Bill Ingalls/NASA via Getty Images) , Photographer: Bill Ingalls/Getty Images

(Bloomberg) -- The craze for space exploration exchange traded funds has reached Canada with two new launches this week including one counting Cathie Wood’s ARK Investment Management LLC as a subadviser.

Emerge Canada Inc. and Harvest Portfolios Group Inc. debuted a pair of new funds this week on the NEO and TSX exchanges, furthering the momentum in space-related investments since Wood filed to launch her popular ARK Space Exploration and Innovation ETF earlier this year.

As a subadvisor for Emerge, ARK Invest provides thematic research and investment recommendation for Emerge ETFs, including additional ones focused on disruptive innovation and fintech, Emerge said on its website.

Read more: Cathie Wood Storms Back as ARKK, Space Fund Lure $1 Billion

“Cathie Wood’s team is uniquely prepared for the challenge of identifying opportunities that will further space exploration,” Emerge CEO Lisa Langley said in a statement.

The Harvest Space Innovation Index ETF began trading Thursday, while the Emerge ARK Space Exploration ETF launched Tuesday.