This is a US listed ETF that invests in companies that derive most of their revenues from Aerospace and Defence sectors. The fund is based on the SPADE Defense Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations, and support of US defence, homeland security, and aerospace operations. The fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.
Categories
Invesco Aerospace and Defense ETF (NYSE: PPA)
Launched in 2005, the fund has $5.2 billion in AUM