Aerospace and Defense ETFs Face Debt Ceiling, Spending Cuts

The fiscal cliff is now behind us and the U.S. defense budget is in place. Exchange traded funds such as the iShares Dow Jones US Aerospace and Defense ETF (NYSEArca: ITA) and the PowerShares Aerospace and Defesne (NYSEArca: PPA) could suffer indirectly from government spending cuts, however, the...