A Danish pension fund is preparing to sell its entire holding of U.S. Treasury securities by the end of January, citing concerns about credit risk tied to fiscal and political developments in the country.
‘Rising Credit Risk’ Under Trump
AkademikerPension, a member-owned pension fund for academics in Denmark, with $25 billion in assets under management, has announced that it will be disposing of all of its U.S. government debt holdings by the end of this month.
The fund’s Chief Investment Officer, Anders Schelde, expressed concerns regarding the deteriorating quality of U.S. government bonds, saying that in the long-run, “US government finances are not sustainable,” while speaking to Bloomberg on Tuesday.
Schelde also cited “rising credit risk” due to Trump’s policies, while noting that his fund held about $100 million worth of U.S. Treasuries at the end of 2025. According to Schelde, risk and liquidity management are currently the only reasons to maintain exposure to treasuries. “We decided that we can find [an] alternative to that,” he said.
Schelde told Benzinga that this decision is not …Full story available on Benzinga.com
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