Investors holding biggest cash pile since 2001: survey
London
INVESTORS have amassed their largest cash pile since 2001 and cut equity holdings to a four-year low, rattled by worries over Brexit and policy-makers' ability to bolster a fragile global economy, a Bank of America Merrill Lynch (BAML) survey said on Tuesday.
Even though world bond yields have never been lower and an increasing array of bank deposit rates around the world are now negative, investors are willing to hold more cash in their portfolios than at any time since November 2001.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst