Defense is the place to be on a 'multi-year, multi-decade' basis: Portfolio manager

You also like the Invesco Aerospace and Defense EDF, Robert, how much of that is really? Maybe a Trump trade if he were to return, given his how typically he of course has seen. Reason for more defense spending. You know, we don’t look at it politically as a Trump trade very specifically. We we look at like what happened this last weekend, right. The tensions that are happening geopolitically now we have, you know, the tensions with Iran in the Middle East. You also have Ukraine. We’ve had this trade if you will, this in our client portfolios for quite some time. And the reason why is everyone needs a little defense in their portfolios, right. And this is an industrial way of handling sort of the top ten industrial and aerospace companies. And by way of this ETF, So we’ve owned this for a while. You know it’s underperformed last year, but now year to date it’s really, you know, taking off for all the obvious reasons. Don’t keep in mind, we also like to position. Where the money is going to be. So we believe that Congress is going to pass another defense spending act. Money is going to fall by way of anywhere from the, you know, B2 bomber to the F35 or even what we saw most recently the Tamir missiles and and radar defense technology by Raytheon. So you got to follow the money. And it’s not just the United States defense funding in addition to our defense budget annually, it’s also NATO countries as well that are going to have to improve. Sort of this sector. And so we want to position ourselves where the money is going to be and and on a multi year, multi decade basis defense is the place to be. So why the ETF and why not specific names, Robert? We don’t, we do own individual names and if we want additional exposure, again like Raytheon, Northrop Grumman, you know in, in, in. There’s also additional names in there that are very attractive. But for the average investor, if you will for the investor that doesn’t have, most investors don’t even have any exposure to industrials as they should and most just think industrials as Boeing. And so you know beyond Boeing and that’s inside this ETF and that’s down 35% year to date, just that one Boeing holding. The the ETF itself is a diverse right approach to not just put all your chips on one particular defense name or aerospace thing.