Oil prices were slightly lower Monday as Israel, aided by the U.S., fended off Iran's aerial barrage.
The investment bank believes aerospace and defense stocks could outperform in the short run in light of growing geopolitical risks.
The biggest ETF in the industry is the iShares U.S. Aerospace & Defense ETF (ITA) , with about $5 billion in assets under management.
Invesco Aerospace & Defense ETF (PPA ) and SPDR S & P Aerospace & Defense ETF (XAR) are two other popular offerings.
To be sure, Liberum thinks the stock market could quickly reverse any losses as soon as the tensions in the Middle East ease.
Persons:
Israel retaliating, Liberum, — CNBC's Michael Bloom
Organizations:
Liberum, U.S ., Federal Reserve, West Texas Intermediate, May, U.S . Aerospace & Defense ETF, ITA, Invesco Aerospace & Defense ETF, P Aerospace & Defense ETF
Locations:
Iran, Israel, Damascus, Syria, U.S