+ Reply to Thread
Results 1 to 3 of 3

Thread: UFOs Affecting Investments

  1. Link to Post #1
    Avalon Member
    Join Date
    7th April 2011
    Location
    UK
    Posts
    671
    Thanks
    4,268
    Thanked 5,410 times in 621 posts

    Default UFOs Affecting Investments

    ALREADY, YOU COULDN'T MAKE THIS STUFF UP.

    This article on CNBC today (June 10, 2021) :- https://www.cnbc.com/2021/06/10/etf-...r&par=sharebar

    NEVER MIND THE "WHO, WHAT, WHERE, WHEN, or WHY", JUST LOOK AFTER YOUR MONEY !

    New ETF disclosure highlights one more risk investors need to watch for: Unidentified aerial phenomena
    PUBLISHED THU, JUN 10 202112:43 PM EDTUPDATED THU, JUN 10 20212:12 PM EDT
    Lorie Konish
    @LORIEKONISH

    "When it comes to investing, risks are all about what you don’t know.
    Now there’s one more possible disruption: unexplained aerial phenomena, formerly known as UFOs.
    One space-themed ETF has added the unexplained events to its risk disclosures effective immediately.

    NASA
    There’s a new potential risk investors need to watch out for, and it’s out of this world.

    Exchange-traded fund provider ProcureAM this week submitted a regulatory filing with the SEC citing a new unprecedented risk: unidentified aerial phenomena.

    ProcureAM — which provides a space-themed ETF that trades under the ticker symbol UFO — added UAPs, defined as a “flying object that looks or moves unlike any known aircraft used by the U.S. or any foreign country” to the risks in its fund’s prospectus, “effective immediately.”

    More from Personal Finance:
    How wealthy Americans like Bezos, Musk pay little income taxes
    The price tag to go to space with Jeff Bezos is now at $2.8 million
    Krispy Kreme sweetens vaccine incentives with 1.5 million free doughnuts

    The addition comes as the U.S. military has acknowledged unexplained events and confirmed the authenticity of certain images and videos that show unusual activity. A forthcoming military intelligence report addressing the phenomenon is expected this month.

    “This is undoctored footage ... and we don’t know what to make of it,” ProcureAM CEO Andrew Chanin said. “To me, that just screams risk, risk, risk.

    “And in our world, risk disclosure is very important.”

    The move to add the disclosures in a regulatory filing could be a first. After discussing it with partners, board members and legal counsel, ProcureAM decided it was a necessary step, Chanin said.

    WATCH NOW
    VIDEO02:10
    Jeff Bezos is going to apace aboard Blue Origin’s first passenger space flight
    “I’m not aware of any financial product in the history of the world that has put out such a risk disclosure,” he said.

    The Procure Space ETF is comprised of companies from around the world that get a majority of their revenue from space-related business activities and services. Up to 20% of the fund includes more diversified air space and defense names, Chanin said.

    The ETF, which launched in 2019, has about $133 million in assets.

    News coverage of possible UAP activity has not prompted fluctuations for the ETF thus far. Still, the company decided now was the right time to acknowledge the potential risks, Chanin said.

    “Given that currently there is no identification of these observed phenomena, it is possible that UAPs could create unintentional or deliberate operational, data security, ‘cyber’ and other interference with the operation of satellites and other objects in space,” the company’s Wednesday filing states.

    “Such activities could result in a significant adverse impact on the Fund’s securities, thereby causing the Fund’s investment in such portfolio securities to lose value and adversely affecting the Fund’s ability to fulfill its investment objectives,” it said.

    Thematic ETFs tied to space exploration have been gaining traction with investors, according to Todd Rosenbluth, senior director of ETF and mutual fund research at investment research provider CFRA.

    While these kinds of disclosures are not common, such risks could have broader implications.

    “If there are indeed actual UFOs, the impact on financial markets would seem to impact more than just a thematic ETF, but broad market ones, too,” Rosenbluth said."
    Last edited by boja; 11th June 2021 at 11:02.

  2. The Following 8 Users Say Thank You to boja For This Post:

    aoibhghaire (11th June 2021), Bluegreen (11th June 2021), Cognitive Dissident (11th June 2021), EFO (11th June 2021), Ewan (11th June 2021), ExomatrixTV (11th June 2021), pabranno (11th June 2021), Wansen (12th June 2021)

  3. Link to Post #2
    Netherlands Avalon Member ExomatrixTV's Avatar
    Join Date
    23rd September 2011
    Location
    Netherlands
    Language
    English, Dutch, German, Limburgs
    Age
    57
    Posts
    22,714
    Thanks
    30,810
    Thanked 125,647 times in 20,814 posts

    Question Re: UFOs Affecting Investments

    Last edited by ExomatrixTV; 11th June 2021 at 12:31.
    No need to follow anyone, only consider broadening (y)our horizon of possibilities ...

  4. The Following 3 Users Say Thank You to ExomatrixTV For This Post:

    aoibhghaire (11th June 2021), boja (11th June 2021), pabranno (11th June 2021)

  5. Link to Post #3
    UK Unsubscribed
    Join Date
    1st June 2021
    Language
    English
    Age
    70
    Posts
    236
    Thanks
    242
    Thanked 1,097 times in 205 posts

    Default Re: UFOs Affecting Investments

    This seems to be just one more attempt at convincing the public UFO's/Aliens are real ... If level headed Money people believe it , then it must be true ...

    Note , the US Navy revealing they have tracked UFO's is touted as Disclosure .. technically it is , they are disclosing what was previously secret ..
    But we know it's really no disclosure at all , and I doubt there will be much more revealed . They just want to get us used to the idea before the ET's land
    Last edited by oz93666; 11th June 2021 at 13:41.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts