One of the Nordic region’s biggest pension funds is cutting its holdings of European stocks, and instead piling into U.S. equities

https://www.bloomberg.com/news/articles/2019-11-05/a-50-billion-fund-in-helsinki-is-dumping-europe-and-buying-u-s

“For now, the U.S. economy is “structurally better composed,” Rytsola said in an interview. That’s why his listed equity portfolio has 41% in North America, up from 24% at the end of 2018. At the same time, Varma has slashed its listed European holdings to 11% from 19%. That excludes Finnish stocks, a less liquid but fairly stable part of the portfolio, which dropped from 39% to 36%”