European strategic autonomy ETF, reflective of aims?

This Amundi ETF recently came out called [European strategic autonomy](https://www.amundietf.co.uk/en/professional/products/equity/amundi-european-strategic-autonomy-ucits-etf-acc/lu3180074463), it is based on Euronext developed Europe and filtered with themes like defense, food security, logistics, semiconductors etc. The idea is to support European sovereignty and be financially exposed to political decisions to strengthen it. It has risk, but so does our time. Here is a sector and holdings (% of total) overview: |Sector|Total %|Main holdings| |:-|:-|:-| |Industrials|**34.69 %**|• **SCHNEIDER ELECT SE** – 4.16 % • **DSV A/S** – 3.75 % • **AIRBUS SE** – 3.03 %| |Information Technology|**22.35 %**|• **ASML HOLDING NV** – 9.75 % • **SAP SE / XETRA** – 7.58 % • **INFINEON TECHNOLOGIES AG** – 1.29 %| |Financials|**10.07 %**|• **BANCO SANTANDER SA MADRID** – 0.99 % • **ALLIANZ SE‑REG** – 0.98 % • **AXA SA** – 0.49 %| |Health Care|**7.64 %**|• **NOVO NORDISK A/S‑B** – 2.97 % • **SANOFI ‑ PARIS** – 1.81 % • **UCB SA** – 0.61 %| |Utilities|**7.43 %**|• **IBERDROLA SA** – 2.94 % • **ENGIE** – 1.12 % • **RWE AG** – 0.83 %| |Consumer Staples|**7.42 %**|• **DANONE** – 4.96 % • **MOWI ASA** – 0.89 % • **AIB GROUP PLC** – 0.13 %| |Energy|**3.87 %**|• **TOTALENERGIES SE PARIS** – 2.83 % • **SIEMENS ENERGY AG** – 2.59 % • **EQUINOR ASA** – 0.45 %| |Materials|**3.40 %**|• **AIR LIQUIDE SA** – 1.70 % • **HEIDELBERG CEMENT AG** – 0.71 % • **FERROVIAL SE MADRID** – 0.69 %| |Communication Services|**3.04 %**|• **ORANGE** – 0.62 % • **CELLNEX TELECOM SA** – 0.41 % • **TERNA‑RETE ELETTRICA NAZIONALE** – 0.41 %| Looking at it, do you think it's strategically sound or just marketing? Why or why not? And if not, is there anything you think captures European needs better?