|
|
ETF AVAILABLE THROUGH POWERSHARES (AMEX: PPA)
Benchmark Index: SPADE Defense Index (AMEX: DXS)
Exchange Traded Fund: Powershares Aerospace & Defense Portfolio ETF (AMEX: PPA)
Options: Available on the ETF
About the SPADE Defense Index
The SPADEŽ Defense Index (AMEX: DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with defense, homeland security, and space. The Index is composed of more than 50 firms with representative business activities including: naval vessels, military aircraft, missiles and munitions, battlespace awareness, C4ISR, network centric warfare, homeland security including border security and biometric and screening systems, and space systems.
Index values are distributed by the American Stock Exchange under the symbol 'DXS'. The Powershares Aerospace & Defense Portfolio ETF, designed to track the SPADE Defense Index, trades under the symbol 'PPA'. Historical data for the Index is available from 30 December 1997. The ETF was launched on 26 October 2005.
About the Market
The Defense and Homeland Security market represents nearly 5% of U.S. GDP and includes a number of the world's leading industrial firms as well as those developing the next generation of cutting-edge technologies.
The sector's performance over the past decade has been driven by a global increase in spending by governments for defense and security -- now totaling more than $1 Trillion annually; supplemental budgets in the United States to fund operations in Iraq and Afghanistan and to reset the military after we depart these regions; and the acquisition of commercial aircraft designed to fly with increased fuel efficiencies.
Performance:
Outperformed the broader market as defined by the S&P500 for 8 consecutive years
The SPADE Defense Index beat the S&P500 by 10% or more in 6 of the last 8 years
The SPADE Defense Index has gained 19% in four of the last five years!
The Powershares Aerospace & Defense ETF (PPA), which tracks the Index, has attracted approximately $250 Million.
Sign up for our complimentary 'SPADE Investor' monthly newsletter or download below.
|
 |
|
|
|
![[AMEX]](images/amexlinklogo1.gif){kind=small}
