BlackRock has launched the iShares Europe Defence UCITS ETF, targeting growing investor interest in Europe’s defence sector. The ETF, which tracks the STOXX Europe Targeted Defence Index, offers access to European companies with significant revenue from military equipment sales.

The fund’s launch comes as European defence stocks continue to rally, spurred by political pressure for increased defence spending and a renewed focus on regional security. BlackRock’s move follows a series of similar offerings by firms such as HanETF, BNP Paribas, Amundi, and WisdomTree.

“Many European countries will increase defence spending, enhance cooperation, and prioritise European companies,” said Jane Sloan, EMEA head of global product solutions at BlackRock. Manuela Sperandeo, head of iShares EMEA product, added that the defence sector is undergoing a “reassessment” after years of underperformance, making this an attractive moment for investors seeking exposure.

The ETF is available across 12 European markets, including Germany, France, Italy, Spain, and Sweden. The product launch reflects BlackRock’s strategy to meet client demand for targeted exposure to European defence, providing a new vehicle for investors seeking to align portfolios with sector opportunities.

Source: CityWire

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