The ETF normally invests at least 80% of total assets in the common stocks of aerospace and defense companies. It may invest at least 90% of total assets in common stocks that comprise the SPADE Defense Index.
Unfortunately, I think rising global tensions are here to stay. Dealing with those tensions requires a lot of new military technology and that means a lot of government money going to the big defense contractors. If you are looking for a way to leverage this circumstance in your portfolio, you definitely should put PPA on your radar.
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