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Investors slash equities, pile into cash amid growth fears

Leigh Powell
Cash balances surge to near late-2008 highs as fund managers scale back their equity positions faster than ever before. Emerging markets stand out as the sole overweight.
Investors slash equities, pile into cash amid growth fears

Investors have slashed profit expectations and equity allocations by record levels and bolstered their cash positions in a startling indication of evaporating risk appetite amid global growth fears.

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