Global X Defense Tech ETF’s $7.72B Assets Up 19% YTD on War-Driven Demand
Global X Defense Tech ETF holds $7.72B across 49 defense firms, has risen 19% YTD and charges 50 bps. US-Israel strikes have spurred orders for Iron Dome interceptors and F-35 jets, positioning the ETF’s top holdings for contract-driven gains.
1. ETF Profile and Performance
Global X Defense Tech ETF holds $7.72 billion in assets across 49 defense firms, charges 50 bps and has gained 19% year to date, with top weightings in Lockheed Martin (9.5%), RTX Corp (8.1%), General Dynamics (7.1%), Rheinmetall (6.4%) and Palantir (5.8%).
2. Impact of Middle East Conflict
Recent US-Israel military strikes have driven urgent replenishment orders for Iron Dome interceptors and F-35 Lightning II jets, boosting investor demand for defense tech exposure and positioning the ETF’s core holdings for further contract-driven gains.