Allianz Scraps Nuclear, Military Exclusions to Back Europe's Rearmament Drive

credit: Photo: Getty Images, Stephen Trussler

Allianz scraps nuclear, military exclusions to back Europe's rearmament drive.

Germany's Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defence.

It is one of the first major European asset managers to change their policies to help finance the region'srearmament.

The changes come amid a broader drive by European investors to reconsider their policies on investing in defense.

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