Daniel Straus Invesco Aerospace & Defense ETF PPA-N WEAK BUY Dec 01, 2022

It's a sad statement on the world, but this ETF works rather well as a hedge against geopolitical tensions. Global conflicts tend to wreak havoc on markets, but these companies tend to benefit. It can be an ethical investing decision as, in fact, many of these companies are screened out of ESG investing. Efficient exposure. 59 bps is a bit expensive. You can get exposure through a plain industrial ETF like XLI at 10 bps, plus he likes the diversification, as it avoids idiosyncratic risk of holding individual stocks.