He went on to list the names and performances of defense-focused funds including the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) .
As the latest geopolitical conflict escalates, these investors are ignoring defense stocks despite the market axiom that those holdings tend to perform better in times of war.
Indeed, the iShares U.S. Aerospace & Defense ETF popped more than 4% in the week following Hamas' Oct. 7 attack and went on to finish October up about 3.7%.
Ignoring market wisdomRetail traders poured into defense stocks and funds in the aftermath of the invasion, but inflows have since cooled, according to Vanda Research.
But not everyone sees the intensifying conflict as a moment to invest in defense stocks.
Persons:
Kenneth Suna, Suna, Vanda, Sow, Andrew Behar, it's, Behar, Hannah Beier, Jason Aiken
Organizations:
Raytheon, U.S . Aerospace & Defense ETF, P Aerospace & Defense ETF, D.C, CNBC, U.S . Aerospace & Defense, Vanda Research . Defense, Trust, Scranton Army, Plant, Getty, General, Funds
Locations:
Israel, U.S, Washington, Scranton, Scranton , Pennsylvania, Russia, Ukraine