A $95 Billion Danish Fund Bets Robots Can Defy Market Correction
- PFA of Denmark says technology means inflation shock unlikely
- Fund bets inflation and rates will stay low for a long time
The central bank of Denmark stands in Copenhagen, Denmark, on Friday, Nov. 20, 2009. Denmark's unemployment rate rose in October to the highest in three and a half years as companies adjusted to smaller export markets by cutting jobs.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Has technology killed inflation? And does that mean interest rates will just stay really low for a really long time?
One of the biggest funds in the Nordic region, PFA Pension A/S (with about $95 billion in assets under management), is positioning itself for a world in which the answer to those questions may well be: Yes.