Danish Fund Wrong to Sell US Treasuries, Guggenheim’s Walsh Says

Danish pension fund AkademikerPension’s plan to exit US Treasuries is wrong because credit fundamentals of the world’s biggest economy remain strong despite the risk-off sentiment pervading the markets, according to Anne Walsh, chief investment officer of Guggenheim Partners.

“Geopolitical headlines are accelerating nervousness in the markets,” Walsh said in a Bloomberg Television interview in Davos on Tuesday during the World Economic Forum. “I tend to disagree with the Danish pension plan,” she said, adding that the the fundamentals for credit and equities are good for at least the first half of the year.