Years of hard-line exclusions of the defence industry kept many asset owners out of one of the strongest-performing sectors. Now, as Europe rearms, investors are reworking defence policies – cautiously and under intense scrutiny.
An external panel has recommended that Australia's Sydney University minimise investments in defence and security-related industries within its A$770 million ($510 million) private asset portfolio rather than divest and book a A$67 million loss.
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