Hong Kong Pension Funds Plan to Cut Treasuries if US Loses Last AAA Rating

Hong Kong pension funds plan to cut Treasuries if US loses last AAA rating

Managers of the HK$1.3 trillion Mandatory Provident Fund have drafted early-stage plans to do so if last US top rating goes. Read more at straitstimes.com.

Hong Kong funds plan to cut Treasuries if US loses AAA score: sources

Hong Kong’s pension fund managers have formed a preliminary plan to sell down their Treasury holdings within as soon as three months if the US loses its last recognised top credit rating, according to people familiar with the matter.