Defense stocks in an ESG portfolio? A profound — and controversial — shift seems to be underway
Publishing timestamp: 2024-09-02 01:10:59
Summary
The ongoing war in Ukraine has caused a shift in how defense stocks are viewed by ESG fund managers, with some becoming more comfortable with including them in portfolios. However, the controversy remains as some investors still have ethical concerns. The CEOs of Saab and BAE Systems defend their companies' roles in providing security and resilience. ESG investments have become a polarizing political issue, with Republican lawmakers criticizing mission-driven investments as "woke capitalism." Despite the ongoing war in Ukraine, most fund managers remain cautious about investing in the defense sector.
Sentiment: MIXED
Keywords: russia, world markets, business news, democratic republic of the congo, ukraine, bae systems plc, aerospace and defense industry, defense, esg investing, politics,