STOXX Ltd in collaboration with DWS has launched the DWS Xtrackers Europe Defence Technologies UCITS ETF, tracking the STOXX Europe Total Market Defence, Space and Cybersecurity Innovation index. This fund, listed on London and Frankfurt exchanges in 2025, highlights Europe’s push for modernizing its military capabilities amid geopolitical pressures. The index, encompassing defense, space, and cybersecurity firms with significant revenue and patent exposure, has surged 72% this year, underscoring robust growth in European defense technology investment. Compared to India, where defense mutual funds and ETFs such as Motilal Oswal Nifty India Defence ETF manage assets around ₹587 crores with moderate returns, India’s defense market still lacks an equivalent focused, tech-driven ETF. Indian defense funds typically emphasize government expenditure and self-reliance in manufacturing, but a specialized defense technology ETF could attract more investor interest, leveraging the sector’s strategic growth potential. With India’s defense budget rising steadily and initiatives to boost indigenous production, introducing a diversified defense tech ETF could align with national priorities, offering investors exposure to cutting-edge military advancements and innovation comparable to Europe’s evolving defense investment landscape.