The tightened security landscape has increased the demand for defense and protection. DNB European Defence invests in European companies that are relevant for total defense, both military and civilian. This includes everything from manufacturers of defense systems and weapon technology to companies that enhance society's resilience against cyberattacks, infrastructure attacks, and logistical vulnerabilities.

The fund is actively managed and seeks companies with a strong position in a growing market. Investments are made in publicly listed companies in Europe that provide products and services within the defense industry, cybersecurity, surveillance, communication, and preparedness. The goal is to identify companies with sustainable earnings, robust business models, and long-term demand.

A broader view of the defense sector. Modern security is not just about military hardware, but also about the ability to protect critical civilian infrastructure and digital systems. The fund reflects this by including companies that contribute to total defense, an interplay between defense and civil society to manage crises, threats, and attacks in peace, crisis, and conflict.

The stock selection is based on four pillars: identification of long-term security trends, assessment of capital allocation and value creation, earnings momentum, and attractive valuation.

Main investment areas:
Defense industry, cybersecurity, digital infrastructure, sensor technology, surveillance, logistics, and civil preparedness in the European stock market.