Danish Pension Fund Akademiker Pension Plans to Exit the US Treasury Market

Tiger Newspress01-20 21:48

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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Comments

  • a4xrbj1
    00:00
    a4xrbj1
    This is just the first of several, much bigger retirement funds that can follow (looking at you, Norway).
  • Guavaxf30
    01-20 21:54
    Guavaxf30
    Politics 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. 
  • anyhow99
    01-20 21:51
    anyhow99
    Good job Denmark!
  • SL1977
    01-20 21:50
    SL1977
    chicken feet pension fund
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