Defence Investments on the Rise
Danish pension fund PFA has announced a significant increase in its defence sector investments, with a near tenfold rise since the start of the Russia/Ukraine war.
The fund's defence investments have grown to DKK7.7bn (€1bn) from DKK793m before February 2022, representing an 872% increase.
“When the world develops, PFA does the same, and that’s why we’re now investing much more in defence than we have before.” - Rasmus Bessing, Director of Responsible Investments
- European defence investments have grown the fastest, with a 1,650% increase over the past three and a half years.
PFA's director of responsible investments, Rasmus Bessing, notes that this development is quite unusual.
Author's summary: PFA's defence investments surge to €1bn amid European rearmament.
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