Solactive is pleased to announce its collaboration with Evolve Funds Group Inc. (“Evolve”) on the launch of the Evolve Global Defense & Aerospace Index ETF (“CAMO”), tracking the Solactive Global Leaders Defense & Aerospace Index. The ETF provides Canadian investors with exposure to leading global defense and aerospace companies, with an emphasis on companies outside the United States.
The Solactive Global Leaders Defense & Aerospace Index selects companies classified within FactSet’s Aerospace & Defense Industry classification from the Solactive GBS Global Markets All Cap USD Index. Eligible securities must meet minimum liquidity and free-float market capitalization requirements, while stocks listed in India, Israel, China, or Turkey are excluded. The index selects the ten largest eligible US securities and twenty largest eligible non-US securities by free-float market capitalization.
Constituents are weighted by free-float market capitalization, subject to individual weights between 1% and 7.5%. The index allocates 25% to US companies and 75% to non-US companies and is rebalanced quarterly.
The ETF began trading on the Toronto Stock Exchange on 20 August 2026. CAD Hedged ETF Units trade under CAMO, while CAD Unhedged ETF Units trade under CAMO.B.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “Defense and aerospace have become increasingly global as governments reassess security priorities and strengthen their capabilities. With a rules-based approach and an emphasis on companies outside the US, the index reflects this evolving landscape. We are pleased to collaborate with Evolve ETFs on this launch.”
Raj Lala, President & Chief Executive Officer at Evolve ETFs, commented: “We are excited to launch CAMO, designed to give Canadian investors exposure to the global defense and aerospace industry. Global military spending reached a record US$2.89 trillion in 2025, and roughly two thirds of it now sits outside the United States. ¹ CAMO offers investors targeted exposure to 30 of the largest defense and aerospace companies globally, with a deliberate 75% weighting to non-US names.”
¹ Source: SIPRI Military Expenditure Database, April 2026 release.
