Weapons Makers Targeted by Student Protests Show Up in ESG Funds
ESG fund managers are getting more comfortable with defense stocks even as campus demonstrators urge universities to cut ties to companies supporting Israel.
The increasing prevalence of defense stocks in ESG funds underscores the complicated pendulum of public opinion on military endeavors. A soldier stands near a Patriot surface-to-air missile system in Warsaw.
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ESG fund managers in both the US and Europe have grown more willing to hold stocks of military contractors, an attitude shift that stands in notable contrast with the divestment demands of student protestors across college campuses this spring.