Loading…
Loading…
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified.
Is PPA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
After an investor decides to gain targeted exposure to the defense industry, the usual next step is to decide which vehicle or strategy makes the most sense for fostering defense access. Many opt to use the ETF wrapper to accomplish this.
This week, I had the honor of joining Bloomberg's ETF IQ show. In one segment, Eric Balchunas, Isabelle Lee, and I covered thematic equity and fixed income ETFs.
Discover how targeted non-AI thematic ETFs (like AMLP, IBUY, and PPA) offer real portfolio diversification with minimal S&P 500 overlap.
Invesco Aerospace & Defense ETF has a much larger assets under management (AUM) and a slightly lower expense ratio than First Trust Indxx Aerospace & Defense ETF. First Trust Indxx Aerospace & Defense ETF offers a more concentrated portfolio with 39 holdings, while Invesco Aerospace & Defense ETF provides broader exposure with 68 holdings.
Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including Lockheed Martin and Boeing because of their involvement in nuclear weapons production.