🟢 EUAD ETF (EUAD) is trading 3.1% up today on Russia’s nuclear exercises and rising defense budget expectations

EUAD ETF (EUAD) is trading 3.1% up today as Russia’s large-scale nuclear exercises and the ongoing conflict in Ukraine fuel expectations for sustained increases in European defense budgets.

• Escalating geopolitical risks are driving a strategic rotation into European defense names, significantly lifting the aerospace and defense sector.
• While broader equity markets are also trending positive, the gains in EUAD are outsized, reflecting specific demand for defense exposure over a general risk-on rally.