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Benzinga
Benzinga
Business
Chandrima Sanyal

US Defense ETFs Could Gain Ground As Europe's War Premium Deflates

Etf,Exchange,Traded,Fund,Investment,Finance,Concept

European defense stocks experienced a sharp sell-off this week, reminding investors just how news-oriented the sector can be.

A call for peace negotiations in Ukraine and a ceasefire in Gaza took almost 6% out of Goldman Sachs’s portfolio of European defense stocks, per Bloomberg, with Rheinmetall, Renk, Leonardo and Saab posting the biggest losses.

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