SquirrelFedSwedish pension fund Alecta cuts US Treasury holdings citing US politics, Dagens Industri reports
www.reuters.com/business/swedish-pension-fund-a…
Paywall? https://archive.is/6jYzx
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KjellAlecta 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.
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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.
I would watch OMERs and Teachers plans, they tend to not have their heads up their asses on major holdings.
This feels like he is crashing the markets so he can get in low and double his money again. What a fucking crook.
Dumbf is truly destroying America. Not only at the ground level and in the short term, but for decades and decades to come. If he were a Russian asset, his boss couldn’t be more pleased.