A major Danish pension fund, AkademikerPension, is divesting its roughly $100 million holding in U.S. Treasury securities, citing deteriorating U.S. government finances and the nation's escalating debt crisis. The move coincides with heightened geopolitical friction between Denmark and the United States over President Donald Trump's threats to impose tariffs unless control of Greenland is transferred to the U.S.

Anders Schelde, the fund's investment chief, stated the decision was primarily driven by concerns over "poor [U.S.] government finances" following decades of overspending, a sentiment reinforced by Moody's downgrade of the U.S. sovereign credit rating last May. "It is not directly related to the ongoing rift... but of course that didn’t make it more difficult to take the decision," Schelde noted.

The fund plans to complete the exit by the end of the month, reallocating its liquidity and risk management strategy away from U.S. government debt. The announcement follows Trump's recent escalation, threatening tariffs on several European nations starting February 1 if the U.S. does not gain control of Greenland, with potential rates rising to 25% by June.

The divestment highlights growing concerns among international investors about the stability of U.S. assets amid fiscal and trade policy uncertainty. Bridgewater Associates founder Ray Dalio recently warned of potential "capital wars," where geopolitical conflicts could lead sovereign funds to reduce holdings of U.S. debt.

The news contributed to a broader "sell America" sentiment in financial markets, with Treasury yields rising, the dollar weakening, and gold hitting new record highs as investors sought safe-haven alternatives.