#Defense Stock News: SPADE Defense (NYSE: $DXS) Index Tops $500 Million
Defense stocks have surged since Election Day 2016 with the SPADE Defense Index up 14.3%
Washington, DC - February 23, 2017 (Investorideas.com Newswire) Investments linked to the SPADE Defense Index (NYSE: DXS) have topped $500 million for the first time. The Index, which is licensed to Powershares for its Aerospace & Defense ETF (NYSE: PPA), is unique in that it was developed by an industry analyst to cover the entire defense sector—both manufacturers AND service providers—including those involved with all aspects of national security including information technology, C4ISR, cybersecurity, surveillance, and border/homeland security.
Defense stocks have surged since Election Day 2016 with the SPADE Defense Index up 14.3%, hitting a new historical high on 21 February 2017 (5136.20 intraday, 5132.00 close).
Gains in 2016 totaled 17.95% vs. 9.54% for the S&P500, marking the fifth consecutive year the Index has outperformed the market. Over that span, the SPADE Defense Index has gained 134.7%, outperforming the broader market by a whopping 56.7%.
For those investing in the sector, this should not be a surprise. Since 2000, the SPADE Defense Index has outperformed the broader market in 13 of 17 years; gaining 393.02% vs. just 52.40%.
According to Scott Sacknoff, the index's manager, "We are thrilled to have hit this milestone. Defense as an investment has proven to be remarkably resilient over time and it is a form of insurance against an unstable world."
Historical data on the index is available from 30 December 1997. The Powershares Aerospace & Defense ETF began trading on 5 October 2004.
For additional information, please contact SPADE Indexes at 202 349-3917.
SPADE is a registered trademark of SPADE Indexes LLC. It not is possible to invest directly in an index.
About the SPADE Defense Index
The SPADE® Defense Index (NYSE: ^DXS) is a modified capitalization-weighted index comprised of publicly traded companies that benchmarks the performance of companies involved with defense, homeland security, and space. The Index is composed of more than 50 firms with representative business activities including: naval vessels, military aircraft, missiles and munitions, battlespace awareness, C4ISR, network centric warfare, homeland security including border security and biometric and screening systems, and space systems.
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Spade Defense Index Disclaimer: The information presented here is for information purposes only and should not represent a solicitation or an offer to purchase an investment product.
SPADETM Defense Index
2 Wisconsin Circle; Suite 700
Chevy Chase, MD 20815
Tel: +1 (202) 349-3917
Email: info @ spadeindex.com
Contact Person: Scott Sacknoff, Index Manager
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