Defence stocks, gold and ETFs: Where people are investing during wartime

Conflict in the Middle East is being felt far beyond the battlefield, with ripple effects reaching global markets and investment decisions. As some investors turn to defence stocks, commodities and ETFs during times of crisis, others question the ethics of profiting from war. In this podcast, we look at where money tends to move during conflict, the risks involved, and the moral debate surrounding wartime investing.

The ASX bell is seen next to a screen showing stock information at the Australian Securities Exchange (ASX) headquarters in Sydney, Wednesday, April 8, 2026. Source: AAP / LUKAS COCH/AAPIMAGE

(The views expressed in this podcast are of the individuals. SBS neither agrees nor disagrees with them.)

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