From MarketWatch, July 2/4:
One of the fastest European exchange traded fund launches comes from a play on defense stocks.
CORRECTION Fixes story to reflect that the VanEck defense fund is not limited to holding companies based in Europe.
Fund providers are not shy to promote their launches, but one really does stand out for the speed in which it has taken in assets.
WisdomTree said its Europe Defence (spelled the British way) UCITS ETF WDEF, launched on March 11, has already surpassed $3 billion in assets under management. Data from ETFGI, a research and consultancy firm, show that it’s one of the top exchange-traded fund launches in European history.
Of funds that have taken in over $2 billion since 2020, only the HSBC Global Government Bond UCITS ETF took less time (just a month) to cross that level, ETFGI data show....
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Earlier:
Germany To Buy 1000 Main Battle Tanks, Russia Targets 3000 Per Year Production
