Global X has extended its suite of thematic ETFs with the launch of defence and AI strategies.
The Global X Defence Tech UCITS ETF (ARMR) and the Global X Artificial Intelligence UCITS ETF (AIQU) are listed on London Stock Exchange, Deutsche Borse, Euronext Milan and SIX Swiss Exchange with total expense ratios (TERs) of 0.50% and 0.40%, respectively.
ARMR tracks the Mirae Asset Defence Tech index, offering exposure to 35 companies involved in defence technology, including companies involved in national security, defence, and military sectors.
ARMR’s top three holdings include Palantir Technologies (11.8%), Lockheed Martin (8.9%) and RTX (8.4%).
Meanwhile, AIQU tracks the Indxx Artificial Intelligence index which captures 84 companies set to benefit from the development of AI, alongside companies that produce hardware used in AI.
AIQU’s top three holdings include Servicenow (3.5%), International Business Machines (3.5%) and Alibaba (3.4%).
Rob Oliver (pictured), head of Europe ETFs at Global X, said: “The launch of our AI and Defence Tech UCITS ETFs underscores our commitment to expanding our brand in Europe and empowering investors to capitalise on sectors that are vital to the future of our continent.
"By focusing on AI and defence technology, we are offering strong growth potential while supporting Europe's strategic priorities for technological advancement and security.”
ARMR is the fourth pure-play defence ETF to launch in Europe, following the VanEck Defense UCITS ETF (DFNS), HANetf’s Future of Defence UCITS ETF (NATO) and the iShares Global Aerospace & Defence UCITS ETF (DFND) which launched in January this year.
Elsewhere, Global X launched a European infrastructure development ETF, the first infrastructure ETF to provide exposure to just Europe.
