The exchange-traded fund (ETF) uses leverage and options strategies, with monthly distributions and a temporary zero management fee.
Toronto-based investment management firm Ninepoint Partners has introduced the Ninepoint SpaceX HighShares ETF (SXHI) on the Toronto Stock Exchange. The ETF will pursue a leveraged strategy combined with a covered call options approach The vehicle is intended to provide Canadian investors with indirect exposure to SpaceX through public markets. The ETF units were issued at an initial price equivalent to US$10, with no management fee charged until 30 September, after which a fee of 0.29% will