Defence and investments: why selectiveness is the key

With a target of 5% of GDP for defense including 3.5% for the military and massive plans like Germany’s (€500 billion over 12 years), the sector is regaining strong appeal.
But after the stock market euphoria, it’s time for selectivity: not all companies will benefit in the same way…
Discover the analysis by Damien Mariette, thematic portfolio manager at CPRAM.