1 month ago
MarketWatch
Todd Sohn, an ETF strategist at Strategas, finds the broad outflows “curious” and is surprised by the lack of machinery ETFs. It’s “curious” and “contrarian bullish” that broad industrial ETFs have seen outflows, said Todd Sohn, an ETF strategist at Strategas, in a note dated Feb. 21. “The majority of money is going to defense ETFs” like the iShares U.S. Aerospace & Defense ETF ITA, +0.13% and Invesco Aerospace & Defense ETF PPA, +0.15% , he said by phone, with holdings such as Raytheon Technologies Corp. RTX, -0.32% , Lockheed Martin Corp. LMT, -0.09% and Boeing Co. BA, +1.15% . For example, he said the First Trust Indxx Aerospace & Defense ETF MISL, +0.02% launched in October. “There’s no machinery ETFs, which I find kind of surprising because it’s a big category,” Sohn said by phone.
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