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Top-5 defence sector: leaders exposed to moral risk

German defence company Rheinmetall is a major European producer of armoured vehicles. Photo: Rheinmetall.

Investing in weapons and the military industry is controversial for many investors. For example, since 2011, investing in companies that produce, sell or distribute cluster munitions or crucial components thereof has been prohibited by law in 110 countries, including the Benelux. 

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