Markets locked and loaded on defence ETFs
Trump’s call for a US$1.5 trillion FY2027 defence budget - the largest proposed increase in more than 70 years - has reshaped market expectations around defence ETFs. ETF provider Global X notes that 2026 will be driven by a wider set of factors as the story now prominently includes the United States. “Recent operations in Venezuela and earlier in Iran highlighted pressure on inventories and...
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