Bearish on the outlook for stocks, long cash, credit, quality and short the EU that seems to be the prevailing view of fund managers surveyed by Bank of America at the beginning of this month. One hundred and ninety-five panellists with a total of $537 billion in assets under management took part in the bank’s regular Global FMS survey, giving one of the most diverse and wide-ranging survey results around. Funds’ cash allocation increases, highest since 2001 The takeaways from the study are quite clear. Respondents reported cash levels of 5.8%, up from 5.7% in June the highest since November…
Funds' Cash Allocation At Highest Level Since 2001
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk