Is it ethical to invest in bombs and bullets? For a long time, the answer to this for European investors was no. But increased global instability has made that question more complicated and now there’s an argument that greater engagement in the defence sector from sustainable investors could raise ethical standards. The Financial Times covers the story.
UBS Asset Management is the latest EU money manager to scrap exclusions on investments in defence companies as private investors race to finance rearmament. The move comes as investors across Europe reconsider their priorities. Reuters covers the story.
