Russia's increasing military hostilities toward Ukraine are being partially financed by Danish pension savings, business media Børsen Pro Finans reports.
The media has calculated that a number of Danish pension companies have a total of DKK 2bn (EUR 270m) invested in Russian government bonds.
According to Børsen Pro Finans, Industriens Pension has the biggest exposure with over DKK 500m (EUR 67m) invested in Russian bonds, while PensionDanmark has DKK 407.3m (EUR 54.8m) invested in the sovereign bonds.
Both companies are following developments closely, they say. In the wake of Russia's substantial military deployments at the Ukrainian border, PenSam has divested its Russian government bonds, the media reports.
(This article was provided by our Danish sister media, FinansWatch.dk)
Emerging market investors hesitate as Russian troops gather
More from AMWatch
Ten funds make up nearly a quarter of the Swedish market
AP7’s equity and fixed income funds are the biggest on the Swedish market. Removing them leaves just 9% for the others on the top ten list - but that 9% is dominated by one major bank, Morningstar figures show.
Mass outflows hit every asset class as recession fears climb
Investors fled every major asset class in the past week, with US equities and Treasuries a rare exception to the massive exodus, amid concerns that tightening monetary policy will push major economies into a recession.
Changes on the way at Lærernes Pension after active ownership criticism
A new active ownership policy is being developed at Lærernes Pension, says the CIO, and the final version will be approved by the board in June.
Evli Q1 more impacted by markets than outflow
The market turmoil in the first three months of the year has had more of an effect on Evli than outflows, though the fact that international investors have pulled out of Evli’s corporate bond fund has been felt.
Storebrand AM’s Cubera hires sustainability head
A new Chief Sustainability Officer at the Nordic is joining the manager’s private equity subsidiary from Allianz.
Product Specialist, Corporate Credits 
Advokat til selskabsret og M&A 
Associeret partner 
Teamleder til Folketingets It-supportteam 
Ekstra erhvervsrådgiver til Næstved