Untested ETFs Pitched to Investors as Hedge Against Global Chaos

War in the Middle East and Europe, US-China tensions, climate change, threats from new technologies — geopolitical risk is everywhere. A coterie of fund managers are pitching a class of ETFs that claim to offer a hedge for all that uncertainty. These funds, ranging in size from $8 million to $800 million in assets, strip out companies the managers say threaten national security or are vulnerable to state takeover or US sanctions. They include the Xtrackers US National Critical Technologies ETF (CRTC), which has tracked the S&P 500, returning 12.53%...