Defence and investments: why selectiveness is the key?

The defense theme is making a strong comeback in the markets after years of underinvestment in Europe.
A long-overlooked sector is becoming strategic once again in an uncertain geopolitical context.
A historic turning point, especially for Germany, which remains one of the first countries in Europe to aim for 3.5% of GDP in defense spending.
But will all European countries follow this trend?

Discover the analysis by Damien Mariette, thematic portfolio manager at CPRAM, and Yohann Derbyshire, Head of Investments at Carat Capital and Hedon Family Office.