VanEck launches defence and oil ETFs

Listed on LSE and Deutsche Börse Xetra

VanEck has launched a defence ETF and an oil services ETF, aiming to capitalise on the expected growth in weapons spending and US emphasis on ‘energy independence’.

The VanEck Defense UCITS ETF and VanEck Oil Services UCITS ETF both launched today (5 April) on the London Stock Exchange and Deutsche Börse Xetra. Tracking the MarketVector Global Defense Industry index, the defence ETF attempts to exclude companies that generate sales with ‘controversial weapons' or have "demonstrably failed" to comply with established standards. Thematic ETFs increasingly gain popularity amongst retail investors The index is comprised of a list of 31 companies that provide defence equipment, aerospace technology, unmanned aerial vehicles, communications, satell...