The fund is up 40% this year, powered by massive gains in holdings — all European-listed — such as French electronics company Thales and German tanks-and-ammunition producer Rheinmetall.
Exchange-traded funds focused on defence and arms companies are amassing inflows at a brisk clip as US President Donald Trump pushes for European countries to increase their military spending.
The Select Stoxx Europe Aerospace & defence ETF (ticker EUAD) has taken in US$280 million ($374.53 million) this year after barely any cash inflow between its October launch and the end of 2024, data compiled by Bloomberg show.
