Global X Defence Tech UCITS ETF USD Accumulating

Global X Defence Tech UCITS ETF USD Accumulating is an exchange-traded fund that provides targeted exposure to companies advancing defense technology worldwide. It tracks the Mirae Asset Defence Tech Index through physical full replication, holding a diversified portfolio of 42 stocks focused on innovations in cybersecurity, artificial intelligence, big data, robotics, sensors, AI chips, and advanced military hardware like aircraft and fuel systems. Top holdings include prominent firms such as Palantir Technologies, Northrop Grumman, General Dynamics, RTX Corporation, and Rheinmetall, spanning industrials (87.9%) and information technology (12.1%) sectors, with primary allocations to the United States (61.1%), Britain (10.1%), and Germany (9.1%). Launched on September 10, 2024, and domiciled in Ireland, the ETF accumulates dividends and maintains a total expense ratio of 0.50%, managing approximately $300 million in assets. This UCITS-compliant fund enables investors to participate in the growing defense tech landscape, driven by rising global military expenditures and technological demands uncorrelated with broader economic cycles.