Test of translation of blog articles
European defense stocks have undergone a significant shift over the past year. After strong development into 2026, the market has flattened out, while structural drivers are being strengthened. Increased defense budgets in Europe, new technological investments, and a broader investment universe make the topic more relevant than ever.
European defense in change – what does it mean for investors now?
European defense stocks have undergone a significant shift over the past year. After a strong development heading into 2026, the market has flattened out, while structural drivers are being reinforced. Increased defense budgets in Europe, new technological initiatives, and a broader investment universe make the topic more relevant than ever.
In the webinar, we celebrate the one-year anniversary of DNB European Defence and discuss the development of the fund, including larger IPOs, the split of Kongsberg Gruppen, and why niche funds often fluctuate more. We also look at new investment areas such as mine clearing, missiles, and drones, as well as Europe's role in the value chain – with MSCI Europe as the reference framework.
Portfolio manager Stian Ueland shares his assessments, in conversation with moderator Marius Brun-Haugen.
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