The idea of what constitutes a safe harbour from volatility has changed as US president Donald Trump imposes tariffs and upends the geopolitical status quo. — Bloomberg
SYDNEY: After years of venturing offshore, some of Australia’s biggest pension funds are scooping up more government bonds at home – assets they now deem among the safest as trade-war risks rattle markets.
Australian Retirement Trust, the nation’s second-largest fund by assets, has ratcheted up its Aussie bond allocation in some strategies to nearly the highest level since the global financial crisis almost two decades ago.
