ETFs & Funds
Home›ETFs & Funds›ETFs›VettaFi acquires SPADE Defense Index to expand themati…
VettaFi acquires SPADE Defense Index to expand thematic ETF exposure
The SPADE Defense Index will underpin Invesco’s Aerospace & Defense ETF, PPA.
VettaFi said it has acquired The SPADE Defense Index, a deal it framed as strengthening its global indexing platform and adding a thematic strategy focused on defense and security.
According to ETF Trends, VettaFi tied more than $260 billion in index-based assets to its platform, while assets in its global aerospace and defense franchise expanded to over $11 billion after adding the SPADE index.
The acquired benchmark will serve as the underlying index for the Invesco Aerospace & Defense ETF (PPA), which provides focused exposure to U.S.-listed leaders across defense, aerospace, national security, and space operations, ETF Trends reported.
VettaFi’s chief product officer Brian Coco said the acquisition aligns with its mission to offer specialized, institutional-grade exposure to long-term trends, with defense and security remaining top of mind globally.