Fundies move to cash as risks increase

Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 23 : 15-Aug-14

A survey of 224 fund managers by Bank of America Merrill Lynch shows that 27 per cent have an overweight position on cash investments, compared with 12 per cent in July. Factors such as geopolitical tensions and renewed volatility in equity markets has prompted many fund managers to rebalance their portfolios in favour of cash rather than shares. There has also been a sharp fall in the number of investors who are overweight on equities

CORPORATES
BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, STANDARD AND POOR’S 500 INDEX, STANDARD AND POOR’S ASX 200 INDEX, AQUASIA PTY LTD

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