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Denmark’s ATP Shuns EU Bonds

ATP will not invest in government bonds issued by the European Union’s most indebted nations as it considers them to be risky.

ATP will not invest in government bonds issued by the European Union’s most indebted nations as it considers them to be risky, Pensions & Investments reports. The Danish pension fund has completely avoided government debt issued by Greece and Ireland, said ATP CEO, Lars Rohde.

The fund’s European government bond holdings only include Danish, German and to some extent French bonds. ATP returned 5.7% on its investments in the first nine months of 2010, according to its quarterly report on October 28.

Click here for the story from Pensions & Investments.

Click here for additional coverage from Bloomberg.

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