eToro launched it's new portfolio

eToro, an online broker, has launched a new portfolio, SpaceTech that gives retail investors exposure to companies that are leading the evolution of space technology and exploration.

Dani Brinker, Head of Investment Portfolios at eToro, commented:

“While retail investors can‘t invest directly in NASA or SpaceX, other avenues exist to capitalise on the space race. From exposure to publicly-traded aerospace and defence companies to manufacturers of rockets and satellites, our new SpaceTech portfolio offers our users access to an industry that’s just taking off.”

The allocation of the SpaceTech portfolio includes 30 equities, each with an equal weight of 3.33% of the overall portfolio. These companies were picked based on a number of factors, including market capitalization, liquidity measures, R&D spending, and analyst ratings.

The start-up investment is USD$500, and investors may use tools and charts to track the portfolio's performance, while eToro's social feed keeps them up to date on industry trends. This portfolio is currently unavailable to users in the United States.

The initial allocation focuses on industry pioneers such as Virgin Galactic, which is well-known for developing spacecraft for human spaceflight and space tourism.Airbus and Boeing, both of them have space and defence departments that focus on spacecraft and satellite systems; Iridium Communications, which primarily provides satellite communication services via its extensive satellite network. Northrop Grumman Corp. a prominent defence and space business that has completed numerous space exploration and satellite programmes.

About eToro

eToro is a multi-asset social trading platform that has gained widespread popularity among investors, traders, and social media enthusiasts since its inception in 2007. It offers users access to a wide range of financial instruments, including stocks, cryptocurrencies, forex, indices, and commodities, among others. The platform provides a user-friendly interface that caters to both novice and experienced traders alike, making it one of the most popular trading platforms on the market.

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