WisdomTree launches first European-only defence ETF

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Financial Times 1d ago

WisdomTree launches first European-only defence ETF - Financial Times

Quick Summary:

The index will rebalance twice a year on the third Friday of March and September and its methodology dictates that the maximum weight, even for industry powerhouses such as Rheinmetall, is capped at 12.5 per cent, which ensures compliance with Ucits diversification rules.

The WisdomTree Europe Defence Ucits ETF (WDEF) listed today on Deutsche Börse Xetra and Borsa Italiana and will start trading on the London Stock Exchange on Wednesday.

Existing European-domiciled defence ETFs offer global exposure and money has flooded into the two largest, the $3.3bn VanEck Defense Ucits ETF (DFNS) and HANetf’s $1.6bn Future of Defence ETF (NATO) since the start of the year.