Swedish pension giant Alecta sold ~$8-9 billion in US government bonds
cross-posted from: https://lemmy.world/post/41953222
Swedish pension fund Alecta has sold most of its holdings in U.S. Treasuries over the last year because of the increased risk and unpredictability of U.S. politics, the fund's chief investment officer said on Wednesday.
6 replies
Alecta is one of the big private pension fund companies in Sweden, they are investing money for millions of Swedes. Hopefully they choose to invest the money in European companies instead.
As long as it's not America, Russia, Saudi Arabia et al, Israel, or China, it's alright.
Europe first, then Latin America, Africa, Southeast Asia & Oceania, then the rest.
I heard investing in weapons isn't controversial anymore.
Better to do this early than late.
Once Trump undermines FED independence (which seems to be the case in may, if not earlier) the risk associated with US investments increases dramatically... reasonable for pension funds to pull out in time.
Can we get a tracker to show Trump's success like this? I like to watch the line go up while my prospects for the future go up in smoke.