The Final Frontier: Diving into Space ETF UFO's Top Three January Stocks

Core Insights - The space ETF UFO has shown strong performance, returning 7.8% in January, outperforming the category average of 2.9% [1] - The fund targets companies involved in various aspects of the space industry, including satellites, rocketry, and ground equipment [1] - Three top-performing stocks in January were MDA Space Ltd. (46% return), AST SpaceMobile Inc. (53.1% return), and ViaSat Inc. (31.1% return) [1] Fund Overview - UFO, launched in 2019, charges a fee of 75 basis points and tracks the S-Network Space index, which includes fewer than 50 stocks as of January 30th [1] - The index categorizes investments into non-diversified space firms (at least 50% revenue from space) and diversified firms engaged in space activities [1] Company Highlights - MDA Space Ltd., Canada's largest space firm, received an upgraded outlook rating from Morgan Stanley and operates the main robotic arm on the International Space Station [1] - ViaSat Inc. also received an upgraded rating from Morgan Stanley and is preparing for a new satellite commercial service launch [1] - AST SpaceMobile Inc. focuses on satellite networking services, contributing to the overall strong performance of the ETF [1]