Author is bullish on the Global X Defence Tech UCITS ETF (ARMG) as a long-term thematic allocation to structural defence spending and defence technology.
Unpriced research observations (excluded from Calls and Returns):
ARMG — LONG The author argues defence spending has become structural rather than cyclical due to NATO commitments, geopolitics, and re-armament, providing multi-year revenue visibility for defence tech companies. ARMG offers diversified exposure to US and European defence primes and emerging defence technologies including AI, cyber, drones, space, and autonomous systems. The ETF is UCITS and unleveraged, making it suitable for a long-term thematic allocation over the next decade. resolved_entity_name_mismatch
Defence spending is no longer cyclical it’s becoming structural (NATO commitments, geopolitics, re-armament).