Greenland Pension Fund Mulls Divesting US Stocks on Trump
An American flag in Nuuk, Greenland.
Photographer: Juliette Pavy/BloombergGreenland’s pension fund is mulling whether it should continue investing in US stocks, in what its chief executive says would be a symbolic stand against US President Donald Trump’s push to seize control of the Arctic island.
SISA Pension, which manages around seven billion Danish kroner ($1.1 billion), currently has around a 50% exposure to the US, mostly in public equities. While no decision has been made, its board and investment committee have been debating the merits of divestment, CEO Søren Schock Petersen said in an interview.