Chart Of The Day | Global fund managers continue to keep sizable cash balances

Chart Of The Day | Global fund managers continue to keep sizable cash balances

Also See | Global fund managers continue to keep sizable cash balances (PDF)

The situation was very different earlier this year, with cash balances falling to 3.5% in February, as fund managers put cash to use, encouraged by what they thought would be a strong global recovery. Incidentally, 3.5% cash balance is also BofA-ML’s contrarian sell signal for equities. The only positive feature of the currently high cash levels is that, if there are signs of a resolution in Europe, the money could be put to use, boosting markets.

Graphic by Sandeep Bhatnagar/Mint

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