According to research by investment platform IG, defence was backed by 55% of its UK clients, who argued that the sector would deliver the strongest growth over the next six months.
This was higher than the 45% who chose AI-related industries. They were followed by semiconductor equipment at 29%.
HANetf launches Indo-Pacific defence ETF
Six months ago, AI (40%) beat defence (37%) to the top spot.
In the UK, BAE Systems shares are up 53.6% year-to-date, while Rolls Royce is up 75.8% and Babcock’s stock has increased by 103.4%, according to data from MarketWatch.
Chris Beaucha…