Investors Are Scared, And ECB's Not Even Close to Unwinding QE
- Ilmarinen, with $57 billion in AUM, says it won’t buy from ECB
- Varma CIO says buying bonds at these rates would make no sense
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The European Central Bank may be a long way away from unwinding its bond-purchase program, but some investors are already worried.
Finland’s biggest private-sector pension fund says it won’t touch the bonds that the ECB might need to sell if and when it starts reversing its quantitative easing.