A British industry group says restrictive rules are discouraging investment in the country’s defence sector, handing an advantage to potential adversaries such as China and Russia, The Daily Telegraph reported.
Kevin Craven, chief executive of ADS Group, said environmental, social and governance rules require investors to avoid such stocks, discouraging big investors such as pension funds. Meanwhile, China and Russia, he said, had nationalised military industries.
Read the full report: The Daily Telegraph.
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