Morningstar boosts cash to 30% in multi-asset fund
Morningstar Investment Management has substantially raised the cash levels in its Real Return multi-asset range as it braces for interest rate normalisation and higher volatility.
Morningstar Investment Management has substantially raised the cash levels in its Real Return multi-asset range as it braces for interest rate normalisation and higher volatility.
Global fund managers slashed exposure to equities in February and put more into cash, according to the latest BofA Merrill Lynch Fund Manager Survey.
Global fund managers have begun 2018 in bullish mood, dropping cash balances to a five-year low and increasing equity exposures to a two-year high, according to the latest BofA Merrill Lynch Fund Manager Survey.
The average cash balance held by global fund managers jumped for the first time in four months in December according to the latest BofA Merrill Lynch fund manager survey.
The use of cash by fund managers has been attracting the headlines recently, with November’s BofA Merrill Lynch global fund manager survey showing a record percentage of global fund managers were taking above-normal levels of risk in their investments.
The Rathbone Global Opportunities fund is running its lowest ever cash position because lead manager James Thomson is currently finding so many buy ideas in the market.
While UK wealth managers are generally positive about the state of investment markets, a large portion are also battening down the hatches in anticipation of a market downturn a study by Legg Mason Global Asset Management has found.
Global fund managers were yesterday accused of flying too close to the sun when it was revealed that despite thinking equities are overvalued, risk-taking has hit an all-time high.
Despite perceiving equities to be overvalued, global fund managers cut cash allocations and admitted taking above normal levels of risk, according to the November BofA Merrill Lynch fund manager survey.
The average cash level held by global fund managers has dropped to its lowest level in more than two years according to October’s BofA Merrill Lynch Fund Manager Survey.
Having hit a high of 9% in June, wealth managers cut their weighting in cash to 6.99% in the past three months in the Trustee MPI low-risk mandates.
Five managers give Portfolio Adviser the low-down on their current cash levels and what assets, if anything, they intend to splurge on.