As Europe Rearms, Bond Funds Are Ripping Up the Rule Book
By , Abhinav Ramnarayan, and Helene Durand
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Europe's plan to rearm in the face of Russian aggression and US detachment has already delivered a bonanza to equity investors. Credit funds are scrambling to get a share of the windfall, too.
Like other key parts of the capital markets, corporate-debt investors are having to navigate ESG restrictions that in more peaceful times put weapons makers beyond the pale. Now they're looking to rip up many of those rules.
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