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
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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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