Baron Financials ETF on MDA Space
Thesis
Baird purchased MDA Space because it believes the company can benefit from a structural expansion of the space economy. Lower launch costs driven by reusable rockets are opening new commercial opportunities, while governments are increasing spending on missile and ship tracking, space-object tracking, secure communications, and related systems. The fund also believes the company's recent U.S. listing means it remains early in the process of investor discovery.
“we believe is positioned to benefit from a structural expansion in the space economy”