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.
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.
I heard investing in weapons isn’t controversial anymore.