Defence shares rally

Defence stocks explained: ETFs, cyclical risks, and ethical investing | Friends With Money In this week's Friends With Money, editor-in-chief Michelle Baltazar speaks with Alex Jamieson of Jamieson Private Wealth about why defence shares have rallied amid widening Middle East conflict, disrupted shipping lanes, and higher oil prices. Jamieson explains how “defence” now spans drones, robotics, AI, cybersecurity, and software, and argues rising geopolitical risk and NATO catch-up spending make it a longer-term structural theme, though stocks can be cyclical and require active rebalancing and profit-taking. 01:30 What counts as defence stocks 02:22 Why defence stocks are rallying 04:02 Do you already have exposure 05:46 Cyclical stocks and profit-taking 07:49 Fear trade or structural trend? 09:58 Defence ETFs to consider 11:53 Stock spotlight: DroneShield 13:21 Ethics of defence investing Podcast Links: Listen on Apple Podcasts Listen on Spotify Money Website YouTube Podcast Playlist Email Us: podcast@moneymag.com.au Get stories like this in our newsletter: bit.ly/3GDirbR

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Defence shares rally is an episode from Friends With Money by Money Magazine.

This episode is 17:11 long.

This episode was published on Mar 31, 2026.

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