iShares Global Aerospace & Defence

ETF description

This ETF invests in many companies around the world whose business is centred on aerospace and defence. that means firms making aircraft, spacecraft, satellites, weapons systems, defence electronics or related technologies. It aims to match the performance of a benchmark index composed of developed‑market aerospace and defence companies.

This ETF might appeal to an investor who is comfortable with higher variation in value, and who is interested in gaining exposure to a specialised sector of the global economy rather than simply tracking the largest mainstream companies. It could form a part of a portfolio for someone looking for a ‘thematic’ exposure, willing to accept extra risk in return for access to companies operating in aerospace and defence.

Issuer details

iShares ETFs are issued and managed by BlackRock, the world’s largest asset management company.

With 800+ products globally and over $2trn in assets (as at June 2024), iShares ETFs are a flexible, low‑cost way for investors to gain exposure to various market segments, including fixed income, emerging markets and broad‑based indexes.

Index details

The fund aims to achieve a total return, through a combination of capital and income returns, which reflects the return of the S&P Developed BMI Select Aerospace & Defence 35/20 Capped Index, the Fund’s benchmark index. The index provides exposure to developed market equity securities of companies within the Global Industry Classification Standard (GICS) industry of Aerospace and Defence. It also includes manufacturers of civil or military aerospace and defence equipment, parts or products, defence electronics and space equipment.