Evolve Launches CAMO With 75% Tilt to Non-U.S. Defense Stocks

Evolve Funds Group has launched the Evolve Global Defense & Aerospace Index ETF, with CAD-hedged units trading as CAMO and unhedged units as CAMO.B on the Toronto Stock Exchange. The ETF tracks the Solactive Global Leaders Defense & Aerospace Index, providing exposure to 30 major companies supplying aircraft, weapons systems and military technology. CAMO deliberately allocates 75% to non-U.S. companies, offering Canadian investors a globally oriented defense portfolio as worldwide military spending reached a record US$2.89 trillion in 2025, with roughly two-thirds occurring outside the U.S.