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    Biggest Dutch pension fund - for civil servants and teachers - reduces US exposure by 1/3rd. Selling €10 billion worth of US treasuries between March and September
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    Biggest Dutch pension fund – for civil servants and teachers – reduces US exposure by 1/3rd. Selling €10 billion worth of US treasuries between March and September

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    11 Comments

    1. aklordmaximus on

      They publish their financial movements with a three month delay period. The ABP fund, managing approximately €500 billion assets in total, reduced US treasuries value from €29 billion to €19 billion between March and September in 2025. It is unknown how much of these treasuries have been sold off in the past three months.

      Dutch pension funds together hold a collective €1.77 Trillion in assets, stocks and bonds. And would rank second below the Norwegian Wealth Fund. The Dutch funds collectively saw a €54 billion loss in 2025Q1 due to the weakening of the dollar and the low performing US stock market. Their exposure to dollar denominated assets in 2025Q1 was still [€551 billion (as per the Dutch Central Bank)](https://www.dnb.nl/algemeen-nieuws/statistiek/2025/zwakkere-dollar-raakt-pensioenfondsen-meer-dan-daling-beurskoersen/)

    2. Zeitcon on

      When the global finance markets start looking for the emergency exit, then it will be go from a trickle to an avalanche. It’s still a trickle, but it won’t stop here.

      I’ll go and make myself some popcorn, while I wait.

    3. PrettyFlyForALawGuy on

      Here we go. I’m pestering my own country’s pension fund agency to do the same. Hope more do likewise.

    4. diamanthaende on

      As I wrote many times, it makes sense just from the de-risking standpoint.

      The US is going to issue $10 trillion of new debt this year alone. Add the erratic and frankly idiotic political leadership to the picture and it makes all the sense in the world to reduce exposure.

    5. Eglaerinion on

      These pension funds are run by inept people. They made disastrous decisions based on woke investments for years. It was all over the news. On average over the past 20 years they only made 6%. Performing this much below the market is crazy. So this being the right decision seems highly doubtful. As a pension fund you need to look at what is best for your clients not your political views.

    6. Calcutec_1 on

      I am almost completely financially illiterate, can someone ELI5 what selling US treasuries is and what it does to US economy ?

    9. long5210 on

      but the 10 yr is only yielding 4.25 percent which indicates their are still a lot of buyers out there. plus 10 billion in selling over a 6 month period is minuscule. The bond market trades that amount in less than an hour.
      gotta read deeper into these AI generated doom click bait headlines.

    10. Zwezeriklover on

      Reminder that this pension fund also doesn’t invest in (European) defense companies and nuclear power because both are apparently evil. The criteria for what is seemed ethical are arbitrary and a participant in the fund can’t really do anything about it or even stop participating.

      I wish I could choose a pension fund of do it myself. I would not buy any treasuries of any nation.