The author bought DFND expecting rising defense budgets to benefit the ETF and plans to add more.
Unpriced research observations (excluded from Calls and Returns):
DFND — LONG The author bought DFND because its share price is low and expects rising defense budgets across most countries to benefit the defence sector. They plan to add more when they have more money. resolved_asset_type_mismatch
I put a little into DFND, since the share price is so little right now and also factoring the budget increases of most countries for the defence sector.