THE US economy contracted again in the second quarter of the year. While 2 consecutive quarters of negative growth is often considered a recession, the National Bureau of Economic Research (NBER) has yet to declare a US recession.
Regardless, red-hot inflation which prompted the US Federal Reserve to hike rates aggressively has raised the risk of a recession significantly.
Amid the challenging macroeconomic environment, global equity markets have sold off intensely and the slump in risk sentiment may have also pushed investors to set aside more cash.
However, we believe that it is not ideal to hold too much cash in today's environment. With the high level of inflation, holding a lot of cash in...
Keyword added to your list