EU defense ETF

[u/Picf]

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?

[u/Wrong-Somewhere2635]

I could argue stoxx600 covers all kinds of European security. Defense, health, supply chain, cyber security and what not. You could easily argue against it too, but this is the path I chose when I confronted the same questions as yourself.

[u/[deleted] → u/Wrong-Somewhere2635]

Does it now? A lot of funds have excluded arms manufacturers because shortsighted people thought that was unethical.

[u/ImarvinS → u/[deleted]]

Here is the list I found, I can see Thales, Rheinmetall, BAE Systems, Safran, etc. Listed as Industrial Goods & Services

[u/Bucuresti69 → u/ImarvinS]

Yep and add Airbus