Business · Markets · 3 hrs ago

ABP shifts €29 billion in bond investments from US to Europe, avoiding France

ABP shifts €29 billion in bond investments from US to Europe, avoiding France

ABP, a Dutch pension fund, moved €29 billion in bond investments from the United States to Europe.

It invested the money in several European countries, including Germany, the Netherlands and Spain, but not France.

The fund’s choices reflect concerns about France’s increasingly difficult public debt situation.

France was once seen as a core part of the eurozone during the euro crisis.

Now, growing risks have made the country less attractive to institutional investors.

The shift suggests that other investors are also becoming cautious about France.

Sources

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