Australia's second-largest pension fund is increasingly pessimistic about US Treasury bonds due to concerns that US policies may trigger inflation. Jimmy Louca, senior portfolio manager at Australian Retirement Trust Pty, said the company reduced its holdings of US debt through a dynamic asset allocation strategy. He said that places such as the United Kingdom and Australia are more valuable.

Australia's second-largest pension fund is increasingly pessimistic about US Treasury bonds due to concerns that US policies may trigger inflation. Jimmy Louca, senior portfolio manager at Australian Retirement Trust Pty, said the company reduced its holdings of US debt through a dynamic asset allocation strategy. He said that places such as the United Kingdom and Australia are more valuable.