Fund managers pour into cash, EM stocks

Jul 20, 2016

Global investors have the most cash on their books in 15 years and are overweight emerging-market equities while ditching Japanese and European ones.

Asset managers have raised their cash positions to the highest level in 15 years and allocated more money into emerging-market equities than for almost two years, according to the latest monthly fund manager survey by Bank of America Merrill Lynch.

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