The top funds and investment trusts for European defence spending

With European leaders rushing to ramp up defence spending, these funds and trusts could position you to benefit from the trend

An illustrative graphic representing the European Union's military build-up, featuring a dark tank silhouette, the EU flag's stars, and a prominent red upward arrow symbolizing rising trends
(Image credit: mammuth via Getty Images)

European defence spending is on the rise as the continent grapples with an increasingly disinterested US. Which are the top funds and trusts for exposure to this stark new reality?

Funds containing the top stocks for the defence spending boom are enjoying a bull run at the moment. Every day seemingly brings more news of European defence spending commitments, as the continent shakes off the complacency that has set in after decades of the US effectively guaranteeing its security.

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Investment trusts with defence exposure

Investment trust

AIC sector

% of assets in selected defence stocks*

Schroder UK Mid Cap Fund

UK All Companies

10.90

Global Opportunities Trust

Flexible Investment

7.75

Invesco Global Equity Income Trust

Global Equity Income

5.40

Law Debenture Corporation

UK Equity Income

5.33

JPMorgan Claverhouse

UK Equity Income

4.70

Artemis UK Future Leaders

UK Smaller Companies

3.90

City of London Investment Trust

UK Equity Income

3.80

European Opportunities Trust

Europe

3.67

European Assets Trust

European Smaller Companies

3.40

Henderson Smaller Companies

UK Smaller Companies

3.31

Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.