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  5. PPA: Hi, Your though about [Invesco Aerospace & Defense ETF]
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Q: Hi, Your though about: PPA Invesco Aerospace & Defence (FNB)
PPL.To. Pembina.
Thanks
Jean Guy


Asked by Jean Guy on October 25, 2023
5i Research Answer:

PPA is a $2B ETF focusing on aerospace and defence stocks. Fees are 0.58%, it is up 3.5% this year as investors moved to the sector following various wars globally. We like its security holdings and think it would be quite fine for sector exposure. 

PPL has been weak along with the sector, with higher interest rates the concern. But we think it is a good stock for income, and priced well. It has a decent record of dividend growth and its cash flow is highly stable. We would be comfortable owning it for income.