Defence ETFs and the Mainstreaming of the Sector
15 pages · PDF · 01 October 2025 · Licensed single-user copy, watermarked to the buyer
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About this report
The defence and security sector has seen a dramatic rise in prominence among investors in recent years. Heightened geopolitical tensions – notably Russia’s war in Ukraine, instability in the Middle East, and doubts over U.S. strategic commitments – have driven governments worldwide to sharply increase military spending.
World military expenditure reached a record \$2.72 trillion in 2024 (up 9.4% from 2023), with Europe alone boosting its budgets by 17% and the United States reaching nearly \$1 trillion (66% of NATO’s total). In this context, defence companies and their stock prices have rallied.
Key questions this report answers
- How have defence ETFs driven the mainstreaming of the defence and security sector among investors?
- How have geopolitical tensions and record 2024 military expenditure of $2.72 trillion reshaped the investment landscape for defence companies?
- How does Europe's 17% budget increase and the U.S. approach to nearly $1 trillion influence defence equity flows?
- What are the outlook, risks and constraints for defence-sector investment as stock prices rally?
Who it's for
Strategy, corporate-development and investment teams that need an ecosystem-level view — budgets, industrial capacity and technology landscapes — before committing capital or capacity.
Methodology & sources
DFM reports are built from primary and official sources — TED procurement notices, CORDIS and the EU Funding & Tenders Portal, EIB operations, the NATO Innovation Fund portfolio, SIPRI data, official budget documents and company disclosures — read together with the underlying legal texts. Sources are cited in the document; the report reflects them as of its publication date (01 October 2025).
Format & delivery
15-page PDF, watermarked to you (name, e-mail, order number on every page). Delivered immediately after checkout on the confirmation page and by e-mail; the personal link is valid for 72 hours and up to 5 downloads (re-issued on request). Guest checkout — no account required. Single-user licence: see the Terms of Sale.
The full analysis, not the summary
The public briefing linked above tells you what this report found; the report itself shows the full evidence and reasoning behind it. It is the complete, dated document from the DFM research desk — sources cited, delivered as a licensed PDF you can keep and cite in your own work.
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