PFA's Defence Investments Reach €1bn
Danish pension fund PFA has announced 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 grown to DKK7.7bn (€1bn) from DKK793m before February 2022.
- This corresponds to an increase of 872% over three and a half years.
- European defence investments have grown the fastest, with a 1,650% increase.
PFA is Denmark's biggest commercial pension provider, with assets of DKK700bn.
Author's summary: PFA's defence investments skyrocket to €1bn.
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