Aura ETFs Launches U.S. Defense ETF (NYSE: DUTY) Under Leadership of Rob Oliver
Aura ETFs Inc. has launched its first product, the U.S. Defense ETF (DUTY), aiming to provide targeted exposure to the defense sector. The ETF will track the Solactive US Defense Index with a gross expense ratio of 0.45%.
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Aura ETFs Inc., founded by Rob Oliver, has officially launched the U.S. Defense ETF (DUTY) on the NYSE, targeting investment in companies involved in U.S. national defense, military technology, and cybersecurity.
With a gross expense ratio of 0.45%, DUTY aims to capitalize on innovations in the defense sector and will track the Solactive US Defense Index. The fund's launch aligns with increased government investments in advanced defense systems and cybersecurity, as the U.S. remains the largest global defense spender.
Aura plans to donate 10% of DUTY's management fees to charities supporting military veterans. The partnership with Tidal Financial Group supports the ETF's operational infrastructure. Investors should be aware of inherent risks associated with defense sector investments.
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