Danish Pension Fund Sells $100M in US Treasuries Over US Finances
AkademikerPension, a Danish pension fund, is divesting its entire $100 million holdings of U.S. Treasuries by the end of the month due to concerns about the U.S. government’s financial stability and poor financial condition. The fund will instead invest in U.S. dollars and short-duration debt. This decision follows Moody’s downgrade of the U.S. credit rating. While the move is not directly related to current political tensions, the ongoing friction between the U.S. and Europe, including President Trump’s efforts to acquire Greenland, may have influenced the decision.
John Q. Hosedrinker