Defense ETFs Are Under Fire From Trump

After strengthening on what many believed would be a more hawkish administration ahead, aerospace and defense sector exchange traded funds are under attack, with President-elect Donald Trump taking aim at Pentagon’s high expenditures. On Monday, the iShares U.S. Aerospace & Defense ETF (NYSEArca: ITA) fell 1.3%, PowerShares Aerospace & Defense Portfolio (NYSEArca: PPA) dropped 1.3%…Click to read more at