PFA's Defence Investments Increase to €1bn
Danish pension fund PFA has revealed a near tenfold increase in defence sector investments since the start of the Russia/Ukraine war.
According to PFA's director of responsible investments, Rasmus Bessing,
"When the world develops, PFA does the same, and that’s why we’re now investing much more in defence than we have before."
- The defence investments have ballooned to DKK7.7bn (€1bn) from DKK793bn before February 2022.
- The increase corresponds to 872%, with European defence investments growing the fastest at 1,650% over the three and a half years.
PFA is Denmark’s biggest commercial pension provider, with DKK700bn in assets.
Author's summary: PFA's defence investments skyrocket to €1bn.
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