Putin And Kim Jong-Un Set To Meet In Russia: What's On Their Agenda?
Portfolio Pulse from Piero Cingari
North Korea's leader, Kim Jong-un, is set to meet Russian President Vladimir Putin, with discussions potentially including arms agreements. This has led to increased attention on ETFs investing in US-based defense companies, including Invesco Aerospace & Defense ETF (NYSE:PPA), SPDR S&P Aerospace & Defense ETF (NYSE:XAR), and iShares U.S. Aerospace & Defense ETF (NYSE:ITA).
September 04, 2023 | 8:11 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares U.S. Aerospace & Defense ETF (ITA) could see increased interest due to potential arms agreements between North Korea and Russia.
The potential arms agreements between North Korea and Russia could lead to increased military activity, which could benefit defense companies and, by extension, ETFs like ITA that invest in these companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The Invesco Aerospace & Defense ETF (PPA) could see increased interest due to potential arms agreements between North Korea and Russia.
The potential arms agreements between North Korea and Russia could lead to increased military activity, which could benefit defense companies and, by extension, ETFs like PPA that invest in these companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
The SPDR S&P Aerospace & Defense ETF (XAR) could see increased interest due to potential arms agreements between North Korea and Russia.
The potential arms agreements between North Korea and Russia could lead to increased military activity, which could benefit defense companies and, by extension, ETFs like XAR that invest in these companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75