Headlines
UK investor Legal & General to buy more defence stocks
Published by Global Banking and Finance Review
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Legal & General, UK's largest asset manager, plans to increase its investment in defence stocks due to a changing geopolitical climate boosting earnings growth.
LONDON (Reuters) - Britain's biggest asset manager Legal & General will buy more defence stocks as a new geopolitical climate fuels the earnings growth of companies, its chief investment officer said on Thursday.
"With the public mood shifting so dramatically, you would expect that the earnings growth of these sectors will go up and probably go up quite significantly," said CIO Sonja Laud, adding that the 1.1 trillion pounds ($1.4 trillion) manager would "absolutely" increase exposure.
“We will go along with a more positive stance (to defence), it’s inevitable if you consider the geopolitical situation," Laud told Reuters.
($1 = 0.7724 pounds)
(Reporting by Iain Withers and Naomi Rovnick; Editing by Tommy Reggiori Wilkes)
The article discusses Legal & General's plan to increase investments in defence stocks due to a changing geopolitical climate.
Legal & General is investing in defence stocks as the geopolitical climate is expected to boost earnings growth in this sector.
Legal & General manages assets worth 1.1 trillion pounds.
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