Danish Pension Fund Sells US Treasuries, Citing Concerns Over US Finances
AkademikerPension, a Danish pension operator, is divesting from U.S. Treasurys due to concerns about the U.S.’s financial health and growing tensions between the U.S. and Denmark. The decision, driven by America’s debt crisis and Moody’s downgrade, comes amid escalating disagreements over Greenland. The fund, holding approximately $100 million in U.S. Treasurys, plans to exit its holdings by the end of the month. This move reflects broader anxieties, with experts like Ray Dalio suggesting sovereign funds may reduce U.S. investments due to geopolitical instability and trade conflicts.
John Q. Hosedrinker