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New ETFs provide exposure to space and travel industries

UK investors can now get broad exposure to both the travel and space industries through two new exchange traded funds: Airlines Hotels Cruise Lines UCITS ETF and Procure Space UCITS ETF.

HanETF has launched Europe’s first airlines, hotels and cruise lines exchange traded fund (ETF) under the ticker TRIP which listed on the London Stock Exchange (LSE) earlier in June. The aim is to provide exposure to an industry that has struggled heavily over the last year and looks poised for a post pandemic bounce back.

Hector McNeil, co-founder and co-chief executive officer (CEO) at HANetf, said 'the travel industry has been decimated after the pandemic but we are optimistic about a rebound in the travel industry in the short term due to the speed and extent of a Covid-19 vaccine roll out, business travel restarting and pent up demand resulting from trips not taken during the pandemic. Over the longer term, the growth of disposable income and savings as well as the size and pace of a global economic recovery will be key factors although it may take a few years to regain the lost ground.'

HanETF has also launched YODA on the LSE, a new ETF which aims to give European investors the first chance to access the expanding space economy. The index focuses on satellite operators and hardware as investment in the space industry grows and will offer early entry to space tourism and hospitality as costs fall to meet demand.

Hector McNeil said: 'we have wanted to launch a Space ETF for a long time and are delighted that we are now able to deliver the first in Europe with a tailored index specifically designed to capture the exciting developments across the market.

Satellite systems and technologies are a major growth market as the growth of Uber, Deliveroo and others demonstrate. GPS is central to their success just as satellites are vital for providing higher bandwidth and coverage in broadband and telecoms.

And of course, space tourism and hospitality is coming closer to reality with would-be customers queuing to go boldly where no man has gone before as costs come down.'

Figure 1: find these funds on the IG share dealing platform

Name Code Currency Number of holdings Largest holding
Airlines Hotels Cruise Lines UCITS ETF TRIP GBP 62 Hilton Worldwide – 4.7%
TRYP USD
Procure Space UCITS ETF UFOP GBP 34 Virgin Galactic – 7.1%
YODA USD

IG customers can find these funds on the IG share dealing platform where UK shares and ETFs can be bought and sold from as little as £3 per trade.

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Publication date : 2021-07-02T11:42:56+0100

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