DNB European Defence

Investments in DNB European Defence normally give a broad exposure to European companies that are relevant to the armed forces. For example, the fund will invest in weapons manufacturers, companies that are relevant for the protection of civil infrastructure and cyber security.

Major geopolitical unrest and a historical agreement on a strong focus on defence means that investments related to total defence will be important in the future.

Investments in the defence sector go beyond just weapons investments. Attacks on civil infrastructure, logistics and digital infrastructure play an ever-increasing role in modern warfare. It is therefore important that, in parallel with a focus on defence, society as a whole increases its resilience to, among other things, cyberattacks and attacks on civil infrastructure.

The Armed Forces is a common term for the military defence and protection of civil society. This includes the mutual support and cooperation between the Armed Forces and civil society for preventing, planning for and managing crises in peace, security policy crises, armed conflict and war.

Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the skill of the Portfolio Manager, the mutual fund’s risk, and the management costs. Returns may be negative as a result of mark-to-market losses.