{"id":2806,"date":"2026-01-13T22:36:34","date_gmt":"2026-01-13T22:36:34","guid":{"rendered":"https:\/\/fundguidr.ee\/?p=2806"},"modified":"2026-01-03T12:32:48","modified_gmt":"2026-01-03T12:32:48","slug":"defence-purchases-and-defence-purchase-shares","status":"publish","type":"post","link":"https:\/\/fundguidr.ee\/en\/asset-classes\/defence-purchases-and-defence-purchase-shares\/","title":{"rendered":"Defence and defence stocks: how yesterday's taboo became the \u201cnew normal\u201d in 2026?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f6f8ff&#8221; background_image=&#8221;https:\/\/fundguidr.ee\/wp-content\/uploads\/2022\/11\/BG-28.png&#8221; background_size=&#8221;initial&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; width=&#8221;90%&#8221; custom_css_main_element=&#8221;position: unset;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;position: unset;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_post_title meta=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; theme_builder_area=&#8221;post_content&#8221; specialty=&#8221;on&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_column type=&#8221;1_3&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_code _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div id=\"fundguidr-toc-wrapper\" style=\"width: 100%; clear: both;\"><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->    <\/p>\n<style><!-- [et_pb_line_break_holder] -->        \/* --- 1. 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TOGGLE BUTTON CLICK<!-- [et_pb_line_break_holder] -->        $toggleBtn.on('click', function() {<!-- [et_pb_line_break_holder] -->            $tocList.slideToggle(300, function() {<!-- [et_pb_line_break_holder] -->                \/\/ Update Icon based on visibility<!-- [et_pb_line_break_holder] -->                if ($tocList.is(':visible')) {<!-- [et_pb_line_break_holder] -->                    $toggleIcon.html('&minus;'); \/\/ Minus<!-- [et_pb_line_break_holder] -->                } else {<!-- [et_pb_line_break_holder] -->                    $toggleIcon.html('&#43;');   \/\/ Plus<!-- [et_pb_line_break_holder] -->                }<!-- [et_pb_line_break_holder] -->            });<!-- [et_pb_line_break_holder] -->        });<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->    });<!-- [et_pb_line_break_holder] -->    <\/script><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] --><\/div>\n<p>[\/et_pb_code][\/et_pb_column][et_pb_column type=&#8221;2_3&#8243; specialty_columns=&#8221;2&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_row_inner module_id=&#8221;aktsia5&#8243; _builder_version=&#8221;4.27.2&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column_inner _builder_version=&#8221;4.19.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; saved_specialty_column_type=&#8221;2_3&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/fundguidr.ee\/wp-content\/uploads\/2026\/01\/kaitsetoostus-scaled.jpg&#8221; alt=&#8221;kaitset\u00f6\u00f6stus kaitset\u00f6\u00f6stuse aktsiad&#8221; title_text=&#8221;kaitseto\u0308o\u0308stus&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;62%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][et_pb_blurb content_max_width=&#8221;100%&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; header_font=&#8221;Nunito|700|||||||&#8221; header_text_color=&#8221;#171717&#8243; header_font_size=&#8221;22px&#8221; body_font=&#8221;Poppins||||||||&#8221; body_text_color=&#8221;#171717&#8243; custom_margin=&#8221;||25px||false|false&#8221; hover_enabled=&#8221;0&#8243; text_orientation_tablet=&#8221;center&#8221; text_orientation_phone=&#8221;center&#8221; text_orientation_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Investeerimismaailmas on v\u00e4he sektoreid, mis tekitavad nii palju emotsioone kui kaitset\u00f6\u00f6stus. Veel m\u00f5ned aastad tagasi peeti relvatootjate aktsiaid &#8220;patuaktsiateks&#8221; (<\/span><i><span style=\"font-weight: 400;\">sin stocks<\/span><\/i><span style=\"font-weight: 400;\">), pannes need \u00fchte patta tubaka-, alkoholi- ja hasartm\u00e4ngufirmadega. Eetilised pensionifondid ja pangad v\u00e4listasid need oma portfellidest, v\u00e4ites, et need ei vasta <a href=\"https:\/\/fundguidr.ee\/uncategorized\/jatkusuutlik-investeerimine-2\/\">ESG<\/a> (keskkonna-, sotsiaal- ja juhtimisalastele) kriteeriumitele.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Siis aga muutus maailm.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">P\u00e4rast 2022. aasta s\u00fcndmusi Ukrainas ja sellele j\u00e4rgnenud geopoliitilist maav\u00e4rinat on Euroopa \u00e4rganud uude reaalsusesse. 2026. aasta jaanuaris ei r\u00e4\u00e4gi me enam kaitset\u00f6\u00f6stusest kui &#8220;s\u00f5ja \u00f5hutajast&#8221;, vaid kui demokraatia ja majanduse tagajast.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Investori jaoks on tekkinud unikaalne olukord: k\u00e4imas on <\/span><b>riiklikult garanteeritud superts\u00fckkel<\/b><span style=\"font-weight: 400;\">. NATO riigid pumpavad miljardeid eurosid \u00fcmberrelvastumisse ja see raha peab kuskile minema.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Selles artiklis anal\u00fc\u00fcsime, kas kaitset\u00f6\u00f6stuse ralli on juba l\u00e4bi v\u00f5i on see alles algusfaasis? Kuidas investeerida sellesse sektorisse eetiliselt ja millised ettev\u00f5tted on Euroopa julgeolekuarhitektuuri uued nurgakivid?<\/span><\/p>\n<h2 style=\"text-align: left;\"><b>Paradigma muutus: &#8220;Relvad on rahu&#8221;<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Et m\u00f5ista, miks raha sellesse sektorisse voolab, peame m\u00f5istma fundamentaalset muutust m\u00f5tlemises.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Aastak\u00fcmneid nautis Euroopa nn &#8220;rahudividendi&#8221;. P\u00e4rast K\u00fclma s\u00f5ja l\u00f5ppu v\u00e4hendasid riigid kaitseeelarveid, suunates raha sotsiaals\u00fcsteemi ja infrastruktuuri. Tankid roostetasid, laskemoonalaod olid poolt\u00fchjad. Loogika oli lihtne: suurt s\u00f5da Euroopas enam ei tule.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">T\u00e4na on olukord vastupidine. &#8220;Rahudividend&#8221; on asendunud <\/span><b>&#8220;julgeolekumaksuga&#8221;<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Isegi k\u00f5ige liberaalsemad valitsused ja ESG anal\u00fc\u00fctikud on sunnitud tunnistama uut t\u00f5de: <\/span><b>J\u00e4tkusuutlikkust (rohep\u00f6\u00f6ret, sotsiaalset heaolu) ei saa eksisteerida ilma f\u00fc\u00fcsilise julgeolekuta.<\/b><span style=\"font-weight: 400;\"> Kui riik lakkab olemast vaba, ei ole enam t\u00e4htsust, kui roheline on tema energiabilanss.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">See on toonud kaasa massiivse institutsionaalse raha (pensionifondid, riiklikud fondid) tagasivoolu sektorisse. Kaitset\u00f6\u00f6stuse ettev\u00f5tted on n\u00fc\u00fcd &#8220;sotsiaalselt vajalikud&#8221;, sest nad toodavad heidutust (<\/span><i><span style=\"font-weight: 400;\">deterrence<\/span><\/i><span style=\"font-weight: 400;\">).<\/span><\/p>\n<h2 style=\"text-align: left;\"><b>Majanduslik loogika: superts\u00fckli anatoomia<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Miks arvavad anal\u00fc\u00fctikud, et see sektor on 2026. aastal endiselt atraktiivne, kuigi aktsiahinnad on viimase kolme aastaga juba m\u00e4rgatavalt t\u00f5usnud?<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Vastus peitub tellimuste ajapikenduses ja mahtudes. Kaitset\u00f6\u00f6stus ei ole nagu iPhone&#8217;i m\u00fc\u00fck, kus n\u00f5udlus v\u00f5ib \u00fcle\u00f6\u00f6 kaduda. Siin s\u00f5lmitakse lepinguid 5\u201310 aastaks ette.<\/span><\/p>\n<h3 style=\"text-align: left;\"><b>1. NATO 2% on uus p\u00f5rand, mitte lagi<\/b><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">NATO n\u00f5ue, et liikmesriigid panustaksid riigikaitsesse 2% SKP-st, oli aastaid vaid soovituslik. 2026. aastal on see miinimumstandard. Paljud Ida-Euroopa riigid (sh Eesti, Poola) panustavad juba \u00fcle 3%. Isegi suured L\u00e4\u00e4ne-Euroopa riigid nagu Saksamaa ja Prantsusmaa on sundseisus, kus nad peavad kulutusi kasvatama, et moderniseerida oma v\u00e4gesid. See t\u00e4hendab stabiilset ja kasvavat rahavoogu kaitseettev\u00f5tetele aastateks.<\/span><\/p>\n<h3 style=\"text-align: left;\"><b>2. Ladude t\u00e4itmine v\u00f5tab aastaid<\/b><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Ukraina abistamine t\u00fchjendas l\u00e4\u00e4neriikide laskemoonalaod. Nende varude taastamine ei toimu \u00fcle\u00f6\u00f6. Tootmisliinid on broneeritud aastani 2030 ja kauemgi. See annab ettev\u00f5tetele (nagu Rheinmetall v\u00f5i Nammo) erakordse kindlustunde tuleviku k\u00e4ibe osas. Tavaliselt on ts\u00fckliliste aktsiate probleem see, et me ei tea, mida toob j\u00e4rgmine aasta. Siin on tellimusraamatud paksult t\u00e4is.<\/span><\/p>\n<h3 style=\"text-align: left;\"><b>3. Tehnoloogiline h\u00fcpe<\/b><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">S\u00f5japidamine on muutunud. Tankide ja suurt\u00fckkide k\u00f5rvale on tulnud droonid, elektrooniline s\u00f5japidamine (<\/span><i><span style=\"font-weight: 400;\">EW &#8211; Electronic Warfare<\/span><\/i><span style=\"font-weight: 400;\">) ja k\u00fcberkaitse. See avab ukse mitte ainult vanadele suurtootjatele, vaid ka uutele tehnoloogiafirmadele.<\/span><\/p>\n<h2 style=\"text-align: left;\"><b>Kuhu investeerida? Sektori \u00fclevaade<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Investoril on 2026. aastal laual mitu erinevat strateegiat, s\u00f5ltuvalt riskitaluvusest ja piirkondlikust eelistusest.<\/span><\/p>\n<h3 style=\"text-align: left;\"><b>Euroopa hiiud: Otse s\u00fcndmuste keskel<\/b><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Euroopa kaitset\u00f6\u00f6stus on killustunud, kuid just siin toimub k\u00f5ige kiirem kasv, sest Euroopa Liit \u00fcritab saavutada &#8220;strateegilist autonoomiat&#8221; USA-st.<\/span><\/p>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rheinmetall (Saksamaa):<\/b><span style=\"font-weight: 400;\"> Ilmselt k\u00f5ige tuntum nimi Euroopa \u00fcmberrelvastumises. Nad toodavad k\u00f5ike alates laskemoonast kuni tankideni (Leopard 2, Panther). Nende aktsia on teinud l\u00e4bi meeletu t\u00f5usu, kuid tellimuste maht toetab endiselt k\u00f5rget v\u00e4\u00e4rtust.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>SAAB (Rootsi):<\/b><span style=\"font-weight: 400;\"> Rootsi liitumine NATO-ga avas SAAB-ile uued uksed. Nende Gripen h\u00e4vitajad ja NLAW tankit\u00f5rjes\u00fcsteemid on maailmatasemel. Lisaks on SAAB tugev elektroonilises seires (GlobalEye), mis on moodsa s\u00f5ja v\u00f5tmekomponent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Thales (Prantsusmaa):<\/b><span style=\"font-weight: 400;\"> V\u00e4hem &#8220;raud ja p\u00fcssirohi&#8221;, rohkem &#8220;ajud ja kiibid&#8221;. <a href=\"https:\/\/www.thalesgroup.com\/en\" target=\"_blank\" rel=\"noopener\">Thales<\/a> on suurtegija kaitseelektroonikas, radarites ja k\u00fcberjulgeolekus. Kuna s\u00f5jad muutuvad digitaalsemaks, on Thales h\u00e4sti positsioneeritud.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>BAE Systems (Suurbritannia):<\/b><span style=\"font-weight: 400;\"> Euroopa suurim kaitset\u00f6\u00f6stusettev\u00f5te. V\u00e4ga laiap\u00f5hjaline portfell (lennukid, laevad, maav\u00e4etehnika). Stabiilne dividendimaksja ja v\u00e4hem volatiilne kui Rheinmetall.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: left;\"><b>USA &#8220;Suur Viisik&#8221;: Turvasadam<\/b><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">USA on endiselt vaieldamatu globaalne liider. Sealsed ettev\u00f5tted on massiivsed, omavad tohutut mastaabiefekti ja on sageli v\u00e4hem m\u00f5jutatud Euroopa poliitilisest t\u00f5mblusest.<\/span><\/p>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lockheed Martin:<\/b><span style=\"font-weight: 400;\"> Maailma suurim. F-35 h\u00e4vitajate tootja. See on nagu kaitset\u00f6\u00f6stuse &#8220;Coca-Cola&#8221; \u2013 igav, stabiilne, maksab dividende.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RTX (endine Raytheon):<\/b><span style=\"font-weight: 400;\"> Toodavad Patrioti raketis\u00fcsteeme, mida kogu maailm praegu osta tahab. Samas on neil suur tsiviillennunduse haru (Pratt &amp; Whitney mootorid), mis tasakaalustab riske.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: left;\"><b>Uued tulijad: K\u00fcber ja Droonid<\/b><\/h3>\n<ol style=\"text-align: left;\" start=\"2026\">\n<li><span style=\"font-weight: 400;\"> aasta investor vaatab ka &#8220;raudvarast&#8221; kaugemale.<\/span><\/li>\n<\/ol>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><a href=\"https:\/\/www.palantir.com\/\" target=\"_blank\" rel=\"noopener\">Palantir<\/a> Technologies:<\/b><span style=\"font-weight: 400;\"> Kuigi tegemist on tarkvarafirmaga, on nende andmeanal\u00fc\u00fcsitarkvara muutunud USA ja tema liitlaste luureasutuste jaoks asendamatuks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>AeroVironment:<\/b><span style=\"font-weight: 400;\"> USA suurim v\u00e4ikeste luure- ja r\u00fcndedroonide (Switchblade) tootja. Droonid on muutnud s\u00f5japidamise odavaks ja surmavaks, ning n\u00f5udlus nende j\u00e4rele on plahvatuslik.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: left;\"><b>Kuidas investeerida? \u00dcksikaktsia vs. ETF<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Nagu varasemates artiklites mainitud, on investoril valida aktsiate noppimise ja fondide vahel. Selles sektoris on see valik eriti oluline, sest poliitiline risk on k\u00f5rge.<\/span><\/p>\n<p style=\"text-align: left;\"><b>Risk:<\/b><span style=\"font-weight: 400;\"> \u00dcksikaktsia puhul (nt Rheinmetall) s\u00f5ltud sa Saksamaa valitsuse otsustest. Kui valitsus otsustab mingil p\u00f5hjusel peatada ekspordilitsentsi, kukub aktsia kivina.<\/span><\/p>\n<p style=\"text-align: left;\"><b>Lahendus: Sektori ETF-id (Indeksfondid)<\/b><span style=\"font-weight: 400;\"> Eesti investorile on siin v\u00e4ike konks. Paljud populaarsed USA kaitset\u00f6\u00f6stuse <a href=\"https:\/\/fundguidr.ee\/varaklassid\/eft-2\/\">ETF<\/a>-id (nagu iShares U.S. Aerospace &amp; Defense ETF &#8211; ITA) ei ole Euroopa jaeinvestorile k\u00e4ttesaadavad (puudub n\u00f5uetekohane teabeleht ehk KIID).<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">\u00d5nneks on 2026. aastaks Euroopa turule tekkinud v\u00e4ga head alternatiivid (UCITS ETF-id):<\/span><\/p>\n<ol style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>VanEck Defense UCITS ETF (DFNS):<\/b><span style=\"font-weight: 400;\"> See on ilmselt k\u00f5ige populaarsem valik Euroopas. Fond investeerib ettev\u00f5tetesse, mis teenivad enamiku oma tulust kaitsest. Portfellis on nii USA hiiud kui ka Euroopa tegijad (Thales, Leonardo, Saab). See on &#8220;osta ja unusta&#8221; lahendus sektori katmiseks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>HANetf Future of Defence UCITS ETF (NATO):<\/b><span style=\"font-weight: 400;\"> Jah, b\u00f6rsis\u00fcmbol ongi NATO. See fond keskendub rohkem tehnoloogiale ja NATO liitlastele, v\u00e4listades n\u00e4iteks teatud vastuolulised relvad.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: left;\"><b>Riskid: Mida peab teadma?<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Oleks vastutustundetu r\u00e4\u00e4kida ainult kasumist. Kaitset\u00f6\u00f6stus on k\u00f5rge riskiga sektor, kuigi riskid on teistsugused kui tehnoloogiafirmadel.<\/span><\/p>\n<ol style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Poliitiline tuulelipp:<\/b><span style=\"font-weight: 400;\"> Kaitset\u00f6\u00f6stuse ainsad kliendid on valitsused. Valitsused vahetuvad. Kui v\u00f5imule tuleb patsifistlikum koalitsioon v\u00f5i kui s\u00f5lmitakse suur rahuleping (mis on inimlikult loomulikult parim, aga investorile &#8220;halb&#8221;), v\u00f5ivad aktsiad kiiresti 20-30% kukkuda.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>V\u00e4\u00e4rtustase (Valuation):<\/b><span style=\"font-weight: 400;\"> Paljud kaitseaktsiad kauplevad 2026. aastal ajalooliste tippude l\u00e4hedal. P\/E suhtarvud on k\u00f5rged. See t\u00e4hendab, et &#8220;hea uudis&#8221; on juba hinda sisse arvestatud. Iga v\u00e4iksemgi pettumus kasumites v\u00f5ib kaasa tuua karmi m\u00fc\u00fcgilaine.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tarneahelad ja t\u00f6\u00f6j\u00f5ud:<\/b><span style=\"font-weight: 400;\"> Raha on, tellimusi on, aga kas on tegijaid? Euroopa inseneride p\u00f5ud ja tooraine (nt titaan, eriteras) k\u00e4ttesaadavus on pudelikaelad. Kui Rheinmetall ei suuda toota nii palju m\u00fcrske kui lubatud, kannatab aktsia hind.<\/span><\/li>\n<\/ol>\n<h2 style=\"text-align: left;\"><b>Eetiline dilemma: Kas ma profiitin s\u00f5jast?<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">See on k\u00fcsimus, millele iga investor peab vastama peegli ees. On t\u00e4iesti normaalne, kui sa otsustad sellesse sektorisse mitte investeerida. Paljud investorid tunnevad endiselt, et nad ei soovi teenida tulu relvade m\u00fc\u00fcgist, mis on loodud tapmiseks.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Teine vaatenurk, mis on 2026. aastal valdavam, on <\/span><b>&#8220;demokraatia kindlustuspoliis&#8221;<\/b><span style=\"font-weight: 400;\">. Investeerides l\u00e4\u00e4ne kaitset\u00f6\u00f6stusesse, annad sa kapitali ettev\u00f5tetele, mis toodavad kilpi autoritaarsete re\u017eiimide vastu. Ukraina s\u00f5da n\u00e4itas valusalt, mis juhtub, kui demokraatlikul riigil ei ole piisavalt relvastust enda kaitseks. Selles valguses on investeering Saabi v\u00f5i Rheinmetalli investeering sellesse, et meil oleks ka tulevikus vaba majandus ja b\u00f6rs, kus kaubelda.<\/span><\/p>\n<h2 style=\"text-align: left;\"><b>Kokkuv\u00f5te: Uus normaalsus<\/b><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Kaitset\u00f6\u00f6stus on v\u00e4ljunud varjudest ja istub n\u00fc\u00fcd peolaua aukohal. See ei ole enam ni\u0161isektor s\u00f5jahuvilistele, vaid globaalse majanduse strateegiline komponent.<\/span><\/p>\n<ol style=\"text-align: left;\" start=\"2026\">\n<li><b> aasta investori meelespea:<\/b><\/li>\n<\/ol>\n<ul style=\"text-align: left;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sektor on kasvutrendis:<\/b><span style=\"font-weight: 400;\"> NATO kulutuste kasv on pikaajaline trend.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hajuta riske:<\/b><span style=\"font-weight: 400;\"> Kasuta ETF-e (nagu VanEck Defense), et v\u00e4ltida \u00fcksikute riikide poliitilisi riske.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>\u00c4ra osta emotsiooni pealt:<\/b><span style=\"font-weight: 400;\"> \u00c4ra osta aktsiat siis, kui uudistes on &#8220;\u00e4revad pealkirjad&#8221;. Osta siis, kui on vaikus ja tehakse pikaajalisi plaane.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>M\u00f5tle l\u00e4bi oma eetika:<\/b><span style=\"font-weight: 400;\"> Veendu, et see investeering on koosk\u00f5las sinu v\u00e4\u00e4rtustega.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">Aasta 2026 on t\u00f5estanud, et rahu ei ole tasuta. Ja seal, kus riigid maksavad rahu eest hinda, on investoritel v\u00f5imalus osaleda kapitali kasvatamises.<\/span><\/p>\n<p>[\/et_pb_blurb][et_pb_image src=&#8221;https:\/\/images.pexels.com\/photos\/3224113\/pexels-photo-3224113.jpeg?_gl=1*1gnvy57*_ga*NjAzNjU3MTIuMTc2NzMwMzAzOA..*_ga_8JE65Q40S6*czE3NjczMDMwMzgkbzEkZzEkdDE3NjczMDYyMzUkajU5JGwwJGgw&#8221; alt=&#8221;fintech&#8221; title_text=&#8221;fintech&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;51%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investeerimismaailmas on v\u00e4he sektoreid, mis tekitavad nii palju emotsioone kui kaitset\u00f6\u00f6stus. Veel m\u00f5ned aastad tagasi peeti relvatootjate aktsiaid &#8220;patuaktsiateks&#8221; (sin stocks), pannes need \u00fchte patta tubaka-, alkoholi- ja hasartm\u00e4ngufirmadega. Eetilised pensionifondid ja pangad v\u00e4listasid need oma portfellidest, v\u00e4ites, et need ei vasta ESG (keskkonna-, sotsiaal- ja juhtimisalastele) kriteeriumitele. Siis aga muutus maailm. P\u00e4rast 2022. aasta [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-varaklassid"],"rank_math_title":null,"rank_math_focus_keyword":"kaitset\u00f6\u00f6stus,kaitset\u00f6\u00f6sutse aktsiad,defence,aktsiad","rank_math_description":"Kaitset\u00f6\u00f6stus ja kaitset\u00f6\u00f6stuse aktsiad - selles artiklis vaatame, kas, miks ja kuhu tasub selles seltoris investeerida 2026 aastal","_links":{"self":[{"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/posts\/2806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/comments?post=2806"}],"version-history":[{"count":8,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/posts\/2806\/revisions"}],"predecessor-version":[{"id":2943,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/posts\/2806\/revisions\/2943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/media\/2807"}],"wp:attachment":[{"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/media?parent=2806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/categories?post=2806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundguidr.ee\/en\/wp-json\/wp\/v2\/tags?post=2806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}