DWS Is Cutting Limits on Military Investments, CEO Hoops Says

Deutsche Bank AG’s investment unit is removing restrictions that had prevented a number of its funds from holding defense assets, according to its chief executive officer.

The move, made possible by a recent adjustment in Germany’s investment guidelines, has the potential to free up “hundreds of billions” of euros across the country’s asset management industry for defense allocations, DWS Group CEO Stefan Hoops said in an interview on Wednesday.

It’s part of a wider reset across Europe’s investment industry, as fund managers from Scandinavia to France look for ways to support an industry whose geopolitical significance has soared ...