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Tariff Tiff Sours ETF That Once Soared On The ‘Bolton Trade’ (ITA) -(XAR)
FYI: One exchange-traded fund is teaching investors a hard lesson: Political gain can very quickly turn to political pain.
The $5.7 billion iShares U.S. Aerospace & Defense ETF, ticker ITA, slumped 2.6 percent as of 9:14 a.m. in premarket trading in New York as the industry found itself in the crosshairs of tit-for-tat tariffs between China and the U.S. The fund had added as much as that on March 23 after U.S. President Donald Trump tapped John Bolton, an outspoken Iran hard-liner, as his national security adviser. Regards, Ted https://www.bloomberg.com/news/articles/2018-04-04/tariff-tiff-sours-etf-that-once-soared-on-the-bolton-trade?srnd=etfcenter
