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US Secretary of War's Broker Reportedly Sought Large Investments in Defense Companies ETF Before US-Iran War
2026-03-31 10:17:11 The Financial Times reported that a broker for US Secretary of War Pete Hegseth attempted to make significant investments in major defense companies before the US-Iran war. The report stated that Hegseth's broker at Morgan Stanley (MS.US) contacted BlackRock (BX.US) in February to discuss investing millions of dollars in its iShares U.S. Aerospace & Defense ETF (IDEF.US). Since Morgan Stanley's clients were not yet able to purchase the fund at that time, the investment was ultimately not realized. It is also unclear whether the broker found other defense-related investment products. The actively managed ETF has fallen 12.4% over the past month. According to BlackRock data, the ETF has approximately USD3.1 billion in assets, with major holdings including Raytheon Technologies (RTX.US), Lockheed Martin (LMT.US), and Northrop Grumman (NOC.US). The Pentagon has denied the report. Hegseth's chief spokesperson, Sean Parnell, posted on social media platform X, accusing the report of being completely false and fabricated, and demanded The Financial Times retract the article. (fc/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |