Danish $45 Billion PFA Pension Fund Likes EU Rescue Bonds
This article is for subscribers only.
Denmark’s second-biggest pension fund, PFA, is buying European Union rescue bonds designed to help pay bailouts for the region’s most-indebted members, and is interested in participating in auctions next month.
“If prices are right we’re buying,” said Henrik Henriksen, chief investment strategist at the $45 billion Copenhagen-based fund, in a phone interview yesterday. “We like the product but the price needs to be right.” The investor, Denmark’s second-biggest pension fund, bought 3.5 percent notes due 2021 sold on May 24, it said.