Australian Funds Cut US Treasury Holdings on Trump Policy Risks

A number of Australia’s biggest investors say they are cutting their holdings of US Treasuries, citing concern over President Donald Trump’s tariff and tax plans.

State-owned Funds SA, which oversees the equivalent of $30 billion, has switched to an underweight position in US sovereign debt, while government-run Queensland Investment Corp., with assets of $86 billion, said some of the clients whose money it manages are reducing their Treasury exposure.