A Belgian Wealth Manager Explains Why It Thinks US Treasuries Aren’t a Sustainable Bet

To many, the strategy would be unthinkable. But for almost two decades, a $60 billion wealth manager in Belgium has been shunning US Treasuries.

Degroof Petercam Asset Management says Treasuries aren’t good enough for its flagship sustainable government bond fund because the US doesn’t score well enough on metrics like equality and democracy.