State Street Wins ETF Space Race With Final Frontiers Fund
- Asset manager also starting cheapest thematic ETF in the U.S.
- Deutsche’s DWS and Procure planning space strategies as well
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Houston, we have liftoff.
State Street Corp. is starting the first exchange-traded fund that invests in outer space, beating at least two rivals to launch. The SPDR Kensho Final Frontiers ETF, ticker XKFF, will start trading on Tuesday, according to a company statement. The Boston-based money manager is also listing a clean power fund, and the cheapest ETF focused on automation, robotics and other ‘‘new economies.’’