Evolve ETFs launches global defense and aerospace index ETF

Evolve ETFs has launched the Evolve Global Defense & Aerospace Index ETF (CAMO) on the Toronto Stock Exchange. Developed in collaboration with Solactive, the fund tracks the Solactive Global Leaders Defense & Aerospace Index.

The ETF is designed to provide Canadian investors with exposure to the global defense and aerospace sectors, with a specific strategic emphasis on companies located outside the United States. The index allocates 25 percent to US-based securities and 75 percent to non-US securities. To qualify, companies must meet specific liquidity and free-float market capitalization requirements. Notably, the index excludes stocks listed in India, Israel, China, or Turkey.

The launch follows a period of significant growth in the sector, with global military spending reaching a record USD 2.89 trillion in 2025. According to Evolve ETFs, approximately two-thirds of this spending now occurs outside the United States.