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La Financière de l'Echiquier
French asset management house La Financière de l'Echiquier has launched a space-sector investment fund in Switzerland, called Echiquier Space. The firm is targeting an investment “universe” worth $400 billion.

The fund, which holds around 30 stocks, concentrates on four broad areas: space operations, satellites and satellite constellations, and assets designed to make the most of air, road and maritime transport or resources; space travel and return to Earth, and communication solutions between these two frontiers; satellite production, robotisation and automation processes; the operational management of space ports; and sectors such as activities from the connectivity to semi-conductors or to 3D printers.

In its press release, the French firm said the space sector could be worth a total of $2.7 trillion by 2045.

Echiquier Space's international thematic management team has four people, led by Rolando Grandi, CFA. 

There is also an environmental dimension to the new offering, the firm said. 

“Investing in the innovative space economy provides excellent opportunities for both the present and the future. This theme will also contribute to improving the conditions of life on Earth. Today, of the 50 indicators identified by the UNO for monitoring climate change, 26 are provided by satellite imagery. Space and space-related applications are indispensable for tracking climate change and taking immediate action,” Alexandre Sauterel, country head Switzerland of LFDE, said.  

The fund was registered in Switzerland on 9 July.