Major Danish pension fund to exit US Treasuries

The chief investment officer of AkademikerPension has cited “poor US government finances” and Donald Trump’s push to acquire Greenland as the reason for the move

A major Danish pension fund is divesting from US government debt, citing unsustainable American finances and President Donald Trump’s push to acquire Greenland as key reasons.

AkademikerPension, which manages around $25 billion in savings for academics, will sell off its roughly $100 million in US Treasuries by the end of the month, Chief Investment Officer Anders Schelde told Bloomberg on Tuesday.

“The US is basically not a good credit and long-term the US government finances are not…

Read the full article at RT.COM