Danish pension fund Akademiker Pension has announced its withdrawal from the US Treasury market. As of the end of December, the fund held $100 million in US Treasuries. Its Chief Investment Officer stated that the United States is "basically no longer a good credit prospect."
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Danish Pension Fund Akademiker Pension Plans to Exit the US Treasury Market
Tiger Newspress01-20 21:48
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- a4xrbj1·00:00This is just the first of several, much bigger retirement funds that can follow (looking at you, Norway).LikeReport
- Guavaxf30·01-20 21:54Politics aside, US Treasury has been running on fumes for a very long time. The US is bascually a broke nation and are printing money to fund itself. Now with China, Japan, and now European institutions selling off their US notes, the only ones holding the bag are the Arabs.2Report
- anyhow99·01-20 21:51Good job Denmark!2Report
- SL1977·01-20 21:50chicken feet pension fund1Report