G
The
Powershares Aerospace & Defense ETF (NYSEarca: PPA) has joined the
exclusive ETF club of funds with more than $1 billion of assets under
management. Launched in 2005, the ETF fund
tracks the SPADE Defense Index (ticker: DXS)—a passive investment benchmark composed
of more than 50 firms deemed systematically important to the defense sector and
includes companies involved with the manufacture of aircraft, naval vessels, missiles,
anti-missile systems, and ground vehicles; information technology including
command and control, reconnaissance, surveillance, big data, and cybersecurity;
space systems; and border and national security efforts.
Powershares Aerospace & Defense ETF (NYSEarca: PPA) has joined the
exclusive ETF club of funds with more than $1 billion of assets under
management. Launched in 2005, the ETF fund
tracks the SPADE Defense Index (ticker: DXS)—a passive investment benchmark composed
of more than 50 firms deemed systematically important to the defense sector and
includes companies involved with the manufacture of aircraft, naval vessels, missiles,
anti-missile systems, and ground vehicles; information technology including
command and control, reconnaissance, surveillance, big data, and cybersecurity;
space systems; and border and national security efforts.
