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Fund Managers Are Cutting Their Cash Positions

FYI: Investors are holding less cash than they did a month ago, according to the latest survey of global fund managers from Bank of America Merrill Lynch.

They held 5.4% of their portfolios in cash this month, down sharply from a 15-year high of 5.8% in July. Cash allocations, which have been growing in recent years, remain elevated.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2016/08/16/fund-managers-are-cutting-their-cash-positions/
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