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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.
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.