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Asset manager VanEck expects growth in defence sector as Trump returns

The article from Reuters discusses how asset manager VanEck anticipates growth in the defense sector should Donald Trump return to the White House in 2025. VanEck, which manages a defense-focused exchange-traded fund (ETF), believes that Trump's potential return could lead to increased defense spending due to his previous administration's policies favoring military expenditure. The article highlights that under Trump's first term, defense stocks performed well, and there is an expectation that this trend could continue or even intensify. Furthermore, geopolitical tensions, including conflicts in Ukraine and the Middle East, are also seen as catalysts for growth in the defense industry. VanEck's head of investments, Philipp Schindler, noted that while Trump's policies might not directly target defense, the overall environment he fosters could benefit defense companies. However, the article also mentions that the sector's growth isn't solely dependent on Trump's return, as global security concerns are likely to keep defense budgets elevated.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/aerospace-defense/asset-manager-vaneck-expects-growth-defence-sector-trump-returns-2025-01-20/ ]