Vaneck Global Defence (DFND) & Vanguard FTSE Europe (VEQ) ETFs

Hi Debbie,

We did answer answer two very similar questions last weekend in our Q&A Report:

European and especially defence stocks have soared higher in 2025, driven by Germany’s parliament voting in favour of unleashing historical levels of spending to boost the military of Europe’s biggest economy and inject its infrastructure with investments worth €500bn. Our updated views on these two ASX-listed ETFs haven’t changed too much as the market unfolds as expected:

• Vaneck Global Defence (DFND): We remain bullish this European defence ETF medium term with an ideal entry level ~$28, or 3-4% lower.
• Vanguard FTSE Europe (VEQ): This ETF looks to track a portfolio of the best European stocks with around 1,300 leading European companies in the basket. We remain bullish toward the region liking the VEK ETF below $80, ideally 2-4% lower.

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Vanguard FTSE Europe (VEQ) ETF

LAST UPDATED 28/03/2025 20:04

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Vanguard FTSE Europe (VEQ) ETF

LAST UPDATED 28/03/2025 20:04