BNPPE Bloomberg Europe Defense UCITS ETF Cap

The investment objective of the sub-fund is to replicate the performance of the Bloomberg Europe Defense Select Index, including fluctuations, and to maintain the Tracking Error between the sub-fund and the Index below 2%. The Bloomberg Europe Defense Select Index is constructed to track the performance of European defense companies that are focusing on developing new technologies to keep pace with advancements and changing threats. The Index includes companies that are engaged in the design of vehicles, weapons, technology, and equipment for military, defense, and space use.