Fund managers are starting to reconsider policies that stopped them from investing in defence companies for ethical reasons amid fears of missing out on the massive ramp-up in global security spending that has already sent war stocks on a tear.
Defence stocks are often excluded from environmental, social and governance-focused funds because of their association with weaponry and conflict. But since the European Union committed at least €800 billion ($1.4 trillion) to rearm itself after US President Donald Trump urged the region to take more responsibility, the sector has become too big to ignore.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.