Europe’s ESG funds more than double defence holdings amid Ukraine war

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Financial Times 11h ago

Europe’s ESG funds more than double defence holdings amid Ukraine war - Financial Times

Quick Summary:

The MSCI Europe aerospace and defence index has risen by 1.8 times since the start of 2022 as shares in leading contractors have soared.

In the wider investment market, holdings in defence-themed mutual funds and exchange traded funds more than tripled from $5.8bn in Jan 2022 to $17.6bn July 2024, according to data from LSEG Lipper.

Defence sector executives have previously warned that overcautious or misapplied ESG considerations often impacted the ability of the sector to attract investment and secure financial services.