Oil, tobacco and weapons have long been considered as “sector non-grata” for private and public investments. However, the weapons industry is slowly shedding its bad reputation. Saxo Bank, Nordea and Jyske Bank declared that the number of their customers who want to buy defense industry shares has more than doubled in the past year.
- At Danske Bank, Rheinmetall is the second most traded foreign share and on par with the American tech giant Microsoft.
- It might be a bit too late to join the party, as the defense industry share prices have already increased significantly.