What does First Trust Indxx Aerospace & Defense ETF do?
First Trust Indxx Aerospace & Defense ETF (NYSEARCA:MISL) focuses on investment opportunities within the aerospace and defense sectors, tracking the performance of companies involved in the development, manufacturing, operations, and support of US aerospace and defense equipment and services. This ETF provides investors with exposure to a mix of both large and niche companies dedicated to national security, military, and aviation innovation. Its objective is to mirror the investment results that correspond to the price and yield performance, before fees and expenses, of the Indxx US Aerospace & Defense Index. By investing in First Trust Indxx Aerospace & Defense ETF, individuals and institutional investors gain access to a sector that plays a crucial role in global defense capabilities and air travel advancements, aiming for growth through technological innovation and government contracts in defense and aerospace industries.