BNP Paribas Asset Management has announced the launch of the BNP Paribas Easy Bloomberg Europe Defence ETF.

Initially launched on the Euronext Paris, the fund tracks the performance of listed European defence companies and replicates the Bloomberg Europe Defence Select Index which comprises a selection of around 30 European defence companies. The fund includes companies involved in the defence industry such as aerospace, defence electronics, and shipbuilding.

Marie Sophie Pastant, Head of ETF/Index portfolio management at BNP Paribas Asset Management, said, “In alignment with BNP Paribas Group’s support for the defence industry, our commitment is reflected in the development of an innovative ETF, tracking the Bloomberg Europe Defence Index. Instead of a standard defence sector screen, the index uses Bloomberg’s Business Intelligence to identify companies with real strategic relevance to the defence ecosystem. The fund follows a market capitalization-weighted methodology, enhanced by specific diversification rules to ensure balanced exposure. We believe this approach offers a compelling investment opportunity for those seeking exposure to the defence industry.”

END