A New Shift Sees Defense Stocks Appearing in ESG Portfolios

Leaders of defense companies in Europe believe that the ongoing war in Ukraine following Russia’s invasion has significantly changed the way defense stocks are perceived by fund managers. Normally, defense company stocks have been excluded from portfolios based on environmental, social and governance (ESG) factors because of ethical concerns over their link to warfare.

In the last few months, however, managers of ESG funds seem to have…

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