Asset managers start to churn out defence funds

Joint financing: Von der Leyen (left) and European Council president Antonio Costa arrive in Kyiv on the third anniversary of the Russian invasion of Ukraine. The European Commission’s president is due to present a plan that is set to include incentives for investors. — AP

COPENHAGEN: As governments across Europe ratchet up defence spending, money managers who previously judged the sector too controversial to touch are taking note.

There’s currently a proliferation of portfolios focused on defence assets, with fund tickers such as the North Atlantic Treaty Organisation doing the rounds.