Focused Investment in European Defense Industry: Launch of ACE Europe Defense TOP10 ETF
Korea Investment Management Company is set to launch the 'ACE Europe Defense TOP10' ETF on the 23rd, targeting the significant growth potential of the European defense industry. This ETF invests in the top 10 European defense companies by market capitalization, with key portfolio companies including Rheinmetall, BAE Systems, Thales, and Leonardo.
With European defense spending projected to increase by 145% by 2029, the industry is poised for robust growth. This outlook is further bolstered by governmental policies like the 'Buy European Weapons Policy,' which are expected to favorably impact the profitability of these companies.
The ETF utilizes the 'NYSE FactSet Europe Defense Top10 Index' as its benchmark, offering institutional and individual investors a new, targeted approach to investing in the European defense sector. Korea Investment Management aims to facilitate portfolio diversification for investors by aligning with this industrial trend.
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