Global fund managers ignore stock market rally to keep cash

Fund managers are ignoring this year’s rally in equity and credit markets and are hiding in cash amid concerns about the state of the global economy, the latest Bank of America Merrill Lynch survey shows.

Global fund managers ignore stock market rally to keep cash
Wed, 16 Oct, 2019 - 08:15
Reuters

By Ksenia Galouchko

Fund managers are ignoring this year’s rally in equity and credit markets and are hiding in cash amid concerns about the state of the global economy, the latest Bank of America Merrill Lynch survey shows.

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