Industrial Power & Propulsion Equipment

The thesis

This basket owns manufacturers that generate, convert, manage, or deliver power through engines, turbines, fuel cells, and electrical infrastructure. The hardware selloff offers a more selective entry into power-equipment franchises, while GE Aerospace's recent outlook increase highlights resilient engine-service demand. Exposure spans aviation and stationary power rather than depending solely on data-center construction; capital-spending cyclicality and execution remain key risks.