Managers roll out record number of defence funds in Asia-Pacific

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Financial Times 15h ago

Managers roll out record number of defence funds in Asia-Pacific - Financial Times

Quick Summary:

In 2014, only three members met the defence spending target for European Nato members of 2 per cent of GDP, but by 2024, a record 23 out of 32 Nato countries achieved it, according to the latest Nato statistics.

Amid rising tensions with China, Yuanta Securities Investment Trust launched the second military fund in Taiwan last year, the Yuanta Global Aerospace and Defense Technology ETF, which has raised NT$14.9bn ($451mn).

The launch came just a few months after Australia announced last year that defence spending would increase 6.3 per cent in the next fiscal year, at about 2 per cent of GDP.