Reported about 13 hours ago
Struggling with underwhelming returns, ESG fund managers are increasingly shifting their strategies to include defense investments, which have shown strong performance since the Ukraine invasion. The proportion of sustainable funds in Europe adding defense stocks has surged, as these assets outperform traditional clean energy investments significantly. Analysts predict continued growth in this sector, prompting many fund managers to reconsider their sustainability mandates, pushing for a redefinition of what constitutes responsible investing.
Source: YAHOO