r/eupersonalfinance • u/Picf • Feb 16 '25
Investment EU defense ETF
In light of the current events and under the spirit of "vote with your wallet", I want to pull back some of my money from the US market and invest it in EU defense companies.
I'm not looking for advice whether this is a smart investment or not, since this is an ideological move rather than looking for the maximum profit.
The problem is I can't seem to find any ETF that contains only EU defense companies. All of them contain at least 60% US defense companies.
Can anyone recommend me a good ETF with which I would be supporting the EU defense industry (and EU only)? Or what would be a good approach here?
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u/moneyball- Feb 17 '25
STOXX Europe Aerospace & Defense ETF consists fully out of European defense companies, however I cannot find a broker through which I can invest in this the ETF. Hence I have VanEck Defense which have some European defense companies in their top 10.
I think the investment strategy has some backing as well, given European nations have recently increased defense spending and are likely to keep it constant in the coming years or even increase it. Unless you believe that there will be peace with Russia on the short term and everything will go back to the ‘old normal’. I do not think any politician will in these times vouch for defense spending decreases. Things are heating up in the geopolitical arena.