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BAML Fund Managers Survey: Cash Remains King Because Nobody Knows What’s Going On In Global Markets

TedTed
in The Bullpen
FYI: Investors are clinging to gobs of cash, nobody has market conviction and portfolio managers are most worried that central bankers’ efforts to boost economic growth will be in vain.

These are a few messages from the recent survey* of global fund managers conducted by Bank of America Merrill Lynch. The firm finds that investors held an average 5.4% of portfolios in cash, up from 5.1% a month earlier and just shy of February’s 14-year high
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2016/04/12/cash-remains-king-because-nobody-knows-whats-going-on-in-global-markets/tab/print/

WSJ Slant:
http://blogs.wsj.com/moneybeat/2016/04/12/investors-stockpile-cash-in-latest-hint-that-alls-not-well-for-stocks/
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