Merrill: Investors are ‘index hugging’ and moving to cash
Investors doubled their holdings in cash this month to the highest levels in more than a year as money managers remain divided on the outlook for the global economy, a BofA Merrill Lynch Global Research survey showed.
Investors doubled their holdings in cash this month to the highest levels in more than a year as money managers remain divided on the outlook for the global economy, a BofA Merrill Lynch Global Research survey showed.
A net 20 percent of respondents, who together manage about $579 billion, were &
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