A bad sign of what is to come
European pension cuts U.S.
investment on Trump worries
A $53 billion Finnish
pension fund is cutting its exposure to U.S. stocks, due to concerns
about President Trump's behavior. The "breaking point" for
Varma Mutual Pension Insurance was Trump's reaction to the recent
racial tensions in Charlottesville, according to a Bloomberg
interview with Varma CEO Risto Murto: "It seems as if there is
no president... The lesson from 2008 is that if we have a problem in
the U.S., then we all have a problem....
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