This Year’s Hot Hedge-Fund Trade: Staid European Defense Stocks
This Year’s Hot Hedge-Fund Trade: Staid European Defense Stocks · The Wall Street Journal

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The buzziest new trade in markets right now has nothing to do with artificial intelligence or cryptocurrencies. Instead, it is European defense—a long overlooked industry. Stocks including Germany’s Rheinmetall and France’s Thales have gained over 70% this year, far ahead of any company in the S&P 500.