South Korea Space ETF Sees $1.35B in Outflows One Month After SpaceX IPO

SPCX-4.41%
According to Korea Exchange, domestic space-related ETFs in South Korea experienced significant net asset outflows of approximately 1.8 trillion Korean won (about $1.35 billion) from June 12 to July 10, one month after SpaceX's listing. Local fund managers were unable to include SpaceX at the relatively low IPO price, while space-related stocks broadly faced headwinds during the period.
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