U.S. Global Investors launches new actively managed ETF focused on technology and defense sectors

From GlobeNewswire: 2024-12-30 12:53:00

Global Investors, Inc. has launched its first actively managed exchange-traded fund, the U.S. Global Technology and Aerospace & Defense ETF (NYSE: WAR), which focuses on sectors like semiconductors, AI, data centers, cybersecurity, aerospace, and electronic warfare. The fund applies a smart beta 2.0 investment strategy to identify long-term outperformance opportunities while managing risk. Global military expenditures reached $2.4 trillion in 2023, with European Union member states estimated to spend $342 billion on aerospace and defense this year. The global semiconductor market is projected to surpass $1 trillion by 2030, and the global AI market is estimated to hit $826 billion by 2030. WAR complements U.S. Global Investors’ suite of thematic ETFs, including JETS, GOAU, and SEA. For more information on WAR, visit the U.S. Global Investors website. Global defense spending has increased for nine consecutive years, as reported by the Stockholm International Peace Research Institute (SIPRI). The European Defence Agency also released its Coordinated Annual Review on Defense (CARD) report for 2024. In other news, PwC highlighted the current state of the semiconductor industry, while Statista provided insights into the global artificial intelligence (AI) market size from 2020 to 2030. These reports offer valuable information on key trends and developments in the defense, technology, and AI sectors.



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