WisdomTree Asia Defense ETF Drops — Traders Watching Move
WisdomTree Asia Defense Fund dropped again Tuesday, as the ETF tracking Asian defense stocks posted a second straight loss. A deadly explosion at Hanwha Aerospace in South Korea fueled more uncertainty around defense names already facing turbulence. The fund last traded at $32.39, off 3.3%, with 26,771 shares moved. WDAF now stands out because it’s not a broad Asia ETF. The fund targets defense stocks—names connected to weapons, aerospace, military electronics, and defense software. The holdings are tilted toward South Korea and India. Investors have been splitting between the two countries this year. As of June 1, WisdomTree’s Asia Defense Index had 42.76% of its weight in Korea and 28.90% in India.