Wednesday, 17 June, 2015
WSJ- Fund Managers Pile Into Cash Amid Market Volatility
WSJ- Fund Managers Pile Into Cash Amid Market Volatility…Fund managers globally hold more cash now than they have at any other time during the past six months, according to a survey released Tuesday by Bank of America Merrill Lynch. In Europe, fund managers are holding more than they have since the depths of the financial crisis in March 2009…The Bank of America Merrill Lynch survey, conducted between June 5-11, showed that global investors were holding more cash in their funds than at any time so far this year. The survey, which includes responses from 167 fund managers with a combined $437 billion in assets under management, shows that the average portfolio was 4.9% invested in cash during that period, up from 4.5% in the equivalent period in May. European investors’ cash levels rose to 4.9% from 4.4%. http://www.wsj.com/articles/fund-managers-pile-into-cash-amid-market-volatility-1434458829 Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163). Archr LLP is not covered by the Financial Services Compensation Scheme (FSCS). Archr is registered in England and Wales No. OC371018. Registered office Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA This message may contain confidential or privileged information. If you are not the intended recipient, please advise us immediately and delete this message. The unauthorised use, disclosure, distribution and/or copying of this e-mail or any information it contains is prohibited. This information is not, and should not be construed as, a recommendation, solicitation or offer to buy or sell any securities or related financial products. This information does not constitute investment advice, does not constitute a personal recommendation and has been prepared without regard to the individual financial circumstances, needs or objectives of persons who receive it. You are receiving this email because you are a valued client of Archr.