It’s Not Too Late to Invest in Defense Stocks. These Funds Are Good Plays.

Russia’s invasion of Ukraine powered aerospace and defense exchange-traded funds to outperform the broader market in 2022, and with the first anniversary coming up on Feb. 24, there’s little evidence that the conflict will end quickly.

The funds received another boost in late December, when the latest U.S. government funding bill earmarked another $47 billion for Ukraine’s defense on top of the $65 billion already appropriated. It also boosted the Pentagon’s budget by 10% for 2023.