Exchange traded fund. It’s basically a lot of different stocks bundled together into one Stock that you buy. It usally covers a specific part of the global market. So you can buy an ETF that represents the entire US market (this would be similar to buying stocks in every Dow Jones company), an ETF that represents the retail market (so you get shares of Walmart, Target, TraderJoes etc.), or in this case an ETF that represents the Weapons Manufacturing market (so Lockheed Martin, Boeing, Rheinmetall etc.).
What is ETF?
Exchange traded fund. It’s basically a lot of different stocks bundled together into one Stock that you buy. It usally covers a specific part of the global market. So you can buy an ETF that represents the entire US market (this would be similar to buying stocks in every Dow Jones company), an ETF that represents the retail market (so you get shares of Walmart, Target, TraderJoes etc.), or in this case an ETF that represents the Weapons Manufacturing market (so Lockheed Martin, Boeing, Rheinmetall etc.).
It’s an index fund except set up in a way so that middlemen can make more money.