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John Waggoner: Ten Actively Managed Stock Funds With Lots Of Cash – And A History Of Using It Wisely
FYI: Stock mutual funds can hold cash for lots of reasons, from meeting redemptions to buffering the effects of a downturn. If you’re worried about a market decline, you’re probably interested in a fund that has a good-sized cash stash. But it would also be good to know if a fund actually uses that cash well. After all, a fund that raises cash and misses a big rally won’t make you or your clients happy. Regards, Ted
