Danish pension fund PFA has seen a significant increase in defence sector investments, with a near tenfold rise since the start of the Russia/Ukraine war.
The fund's defence investments have grown to €1bn, up 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
PFA's director of responsible investments, Rasmus Bessing, notes that this development has been quite unusual.
Author's summary: PFA's defence investments balloon to €1bn.