VanEck has announced the imminent launch of a new ETF on the ASX, the VanEck Global Defense ETF (ASX: DFND).
In a brief market update this week, VanEck said: “We believe this is an opportunity for investors that is not readily available on the ASX.”
The fund manager highlighted that defense companies provide portfolio stability due to mandatory global government spending and the current geopolitical environment that is driving increased spending. Additionally, the constant growth of the defense industry and technological advancements in various regions make it a reliable investment.
In June, VanEck announced the addition of four new recruits to its Australian operations in a bid to increase its market share with financial advisors and institutional investors.
At the time, Arian Neiron, VanEck’s managing director and managing director for the APAC region, said: “Demand is increasing as advisors become more familiar with the opportunities our investment strategies offer.”
“However, there is still plenty of room for growth. ETFs currently represent only a fraction of the total $4.75 trillion funds under management in Australia.
“Our market-leading ETF strategies have the potential to capture a much larger share of the pie, and our new hires will help strengthen our efforts to achieve this growth. »
