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Canadian Investors: Bet on Cathie Wood’s Space ETF Image source: Getty Images
Investment fund manager Cathie Wood has probably been the biggest beneficiary of last year’s tech bull market. Several of her key holdings have turned into multibaggers along the way, making her one of the most prosperous money managers in the industry. This year, she launched a new exchange-traded fund (ETF) focused on cutting-edge space tech.
While the ETF is listed in America, there is a version of the fund listed in Canada that you can access right away. Here’s a closer look.
Cathie Wood’s space ETF
Rudy Luukko
Along with its horrific human toll, the Covid-19 pandemic brought widespread disruption that will continue to shape the investment landscape in the new year. On the bright side, there’s hope that mass dissemination of vaccines will alleviate the global health crisis and revive economic growth.
Apart from the initial market shock in March that caused all sectors to plunge, the pandemic has had mixed results for equities. Selected growth stocks surged in 2020, especially in the technology sector, amid the shift to remote working, shopping and education. At the other extreme, industries such as airlines and hotels sustained devastating losses and saw plummeting stock prices.