(Bloomberg) -- PFA A/S, Denmark’s biggest commercial pension fund, said it won’t put more money into the nation’s mortgage-backed covered bonds as a regulatory onslaught prompts investors to shy away from the securities.

“All this political uncertainty makes us a lot more uneasy about Danish covered bonds,” Poul Kobberup, head of fixed-income investments at PFA in Copenhagen, said in an interview. “We’re not putting more money in Danish mortgage bonds as long as the uncertainty persists.”

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