FUND managers are maintaining strong cash balances despite a 10pc rally in equity markets during the last three months, new research reveals.
Merrill Lynch’s November survey of fund managers found average cash balances had risen to 4.1pc from 3.8pc in October while the balance of investors taking overweight positions in cash had increase...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
