- cross-posted to:
- europe@feddit.org
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
- europe@feddit.org
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.
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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.
The FT was warning that pensions would switch out of U.S when divestment occurred.
It’s not an emotional FU to America or a Buy European statement from Sweden. It’s that the American market is unpredictable and pensions are risk averse (customers tend to want stability rather than big returns). Be interesting to find out where the money went.
Be interesting to find out where the money went.
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.
