Investors seek cash safe haven

Comments (0) | 16 Aug 2011 | Rating | Print by Tim Human

Cash balances jump as fund managers lower their investment time horizon, finds survey

Investors have bolstered their cash piles as they become more pessimistic about the outlook for corporate profits and the chance of recession, according to a global buy-side survey.

Cash balances surged to 5.2 percent from 4.1 percent in July, finds Bank of America Merrill Lynch’s (BofAML) monthly ...

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