AllianzGI is now in the process of lifting internal restrictions on defence assets for most so-called Article 8 funds, which are supposed to promote environmental, social and governance goals. Clients were notified of the planned change at the end of March.
Allianz Global Investors expects some of its ESG funds to start adding defence holdings in the coming months, as the money manager updates prospectuses to match the political mood in Europe.
“The European view on defence and the need for defence has shifted,” Matt Christensen, global head of sustainable and impact investing, said in an interview in which he alluded to both the war in Ukraine and the need to meet NATO goals.
