Europe Pension Funds Prepare to Ax Long-Standing Bans on Defense Stocks
Several pension funds in Europe are reviewing long-standing exclusion policies on weapons manufacturers, as they work to update their portfolios to match the political moment.
PFA Pension, which oversees about $120 billion, told Bloomberg it's now in talks with its board about removing a ban on holding companies that make components for Western nuclear defense. AkademikerPension, which manages over $20 billion, says it's asking members whether it can increase exposure to arms manufacturers, including those producing controversial weapons.
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