Dutch Pension PME Targets Europe as US ‘No Longer Reliable’ (1)

Dutch pension fund PME will focus more on European opportunities going forward, especially in the technology sector, as the investor criticizes the direction in which American policies are moving.

The US is “no longer the reliable ally it once was,” PME Chairman Alae Laghrich said in a statement on Thursday. He listed Trump administration policies such as trade tariffs, as well as what he called “threats and not upholding existing agreements” as reasons for the fund’s decision.

Laghrich acknowledged that the US economy can’t be ignored, but said the current political climate means it makes sense for PME to invest ...