ACE European Defense Top 10 ETF Achieves Remarkable Returns
The ACE European Defense Top 10 ETF managed by Korea Investment Management has achieved a remarkable 19.87% return in the past month, surpassing the average for similar ETFs. This fund focuses on investing in the top 10 European defense companies, notable for their significant market capitalization and defense industry sales ratio, benefiting from the 'local procurement priority system'. With the European Union's defense budget projected to increase by approximately 1,367 trillion won, the ETF's prospects appear optimistic.
Additionally, the increase in the United States defense budget is bolstering global investment sentiment toward defense stocks. Key investments include Rheinmetall, Rolls-Royce Holdings, and Saab, with the fund capitalizing on the European arms purchase preference system. This strategic focus is maximizing the advantages derived from the preferential policy, thereby supporting the aggressive growth momentum of the ACE European Defense Top 10 ETF.
Related News
Hanwha Investment & Securities ACE European Defense Top 10 ETF Ranks First in 1-Month Returns Among Global Defense ETFs - Metro NewspaperThe 'ACE European Defense TOP10 ETF' from Hanwha Investment & Securities has achieved the highest 1-month return among global and U.S. defense-themed ETFs listed in Korea. This is based on the criteria excluding Korean defense (K-defense) and leveraged products. According to the fund evaluation company FnGuide, as of the closing price on the 28th...
Hantu Asset Management ACE Europe Defense TOP10, 1-Month Yield Ranks 1st Among Similar ETFs - meconomynews.comKorea Investment Management announced on the 29th that the latest one-month yield of its ACE Europe Defense TOP10 Exchange-Traded Fund (ETF) recorded 19.87% based on closing price as of the 28th. This ranks it as the top among domestic global and U.S. defense ETFs, exceeding the average yield for similar types of ETFs (14.72%). This ETF is a product that focuses on investing in the top 10 stocks of European defense companies with high market capitalization and defense industry sales ratio. The portfolio especially comprises companies that directly benefit from the 'Buy European' policy prioritizing the purchase of European-made weapons.