(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.
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