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Cash is king for fund managers wary of valuations, global recovery

But many still believe global economy is finally getting its act together; one manager says while valuations are up earnings have also improved

Published Wed, Jul 5, 2017 · 09:50 PM

asset management

Singapore

ASK Vinay Agarwal about valuations, and his brows furrow.

"I've never held so much cash before, at 13 per cent," said the Indian equities fund manager with First State Stewart Asia, who has US$650 million under his charge.

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International

International

Cash is king for fund managers wary of valuations, global recovery

KEYWORDS IN THIS ARTICLE

International

Consumer gulf widens as demand for premium and budget foods grows

Thailand to appoint former energy executive Pichai as finance minister, sources say

‘To the Future’: Saudi Arabia spends big to become an AI superpower

Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons

Overcrowded Venice introduces first payment charge for tourists

South Korea readies new system to detect illegal short-selling

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