PLUS Korea Defense Industry Index ETF (KDEF)
PLUS Korea Defense Industry Index ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $45.77, up 3.65% on the session, giving a market capitalisation of $45.8M. Its beta of 1.58 implies it has historically moved more than the broad market.
This investment product typically allocates its capital to the underlying assets that constitute its benchmark index. That index is specifically engineered to reflect the financial results of South Korean enterprises with a strong connection to the defense sector, officially referred to as "Korea Defense Companies." During standard operating periods, the fund is obligated to invest a minimum of 80% of its total net assets—encompassing any borrowed funds utilized for investment—in the constituent securities of this index. It functions as a non-diversified portfolio.
PLUS Korea Defense Industry Index ETF is most often compared with the following Financial Services names: