The exchange traded fund (ETF) is structured to provide short-term, leveraged exposure to equities linked to satellite manufacturing, space infrastructure and related services.
Thematic investment firm Defiance ETFs has launched the Defiance Pure Space Daily 2X Strategy ETF (XAIL), expanding its range of leveraged thematic exchange-traded products. The fund seeks daily investment results XAIL is aimed at market participants seeking short-term exposure to the global space economy, according to Defiance ETFs, which noted that the fund is structured to provide twice the daily performance of an actively managed portfolio made up of companies classified by the fir