Asset manager VanEck's defence ETF attracts investors amid global conflicts
LONDON - Fund manager VanEck's defence-industry focused exchange traded fund has reached more than $550 million in net assets in its first year, VanEck said on Monday, highlighting how current, global conflicts have driven investors to the defence sector.
The war in Ukraine and the conflict between Israel and Hamas, which has also drawn in Iran, has led many governments to call for more military spending. "Traditionally, the defence industry has been a rather sensitive topic, especially in Europe. However, the outbreak of war in Ukraine and other areas of tension and conflict around the world have changed the way many people view defence policy," said VanEck Europe CEO Martijn Rozemuller.
"We think defence remains a must-have in fund managers' portfolios, given how governments not only in Europe but across the world are not stopping in their increases to military spending," added Laverne, whose firm owns Thales and Safran.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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