Overview
Description
The WisdomTree STOXX Europe A&D 3x Daily Leveraged Fund is a thematic exchange traded product designed to provide triple-leveraged daily exposure to the STOXX Europe Total Market Aerospace & Defense Net Total Return Index. This ETP aims to magnify the daily performance—both gains and losses—of a basket of leading European companies operating in the aerospace and defense sectors. These include firms engaged in the manufacture of civil and military defense equipment, defense electronics, and space defense technologies. Structured as a fully collateralized, synthetic replication ETP, the fund uses swaps rather than direct share ownership to achieve its performance target. It does not pay out dividends; instead, all income is reinvested. Launched in April 2025 and domiciled in Ireland, the fund is UCITS eligible and features a total expense ratio of 0.80%. The asset is especially relevant in the context of heightened European defense spending and is intended for investors seeking highly focused, tactical exposure to this sector with a leveraged profile.
About
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON