It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts.
The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people.
They don't want to symbolically do those things, they want to actually do them.
If treasuries were still part of what they believe to be the best strategy, they would still be holding them.
It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts.
The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people. They don't want to symbolically do those things, they want to actually do them. If treasuries were still part of what they believe to be the best strategy, they would still be holding them.