Standard Life has increased the cash allocation within its with-profits fund to 15%. The group cit...
Standard Life has increased the cash allocation within its with-profits fund to 15%. The group cites the uncertain short-term outlook for equities and worries over the robustness of corporate profits as reasons for the move. The £36bn fund held 41.7% in UK equities and 15% in cash as at 1 October. The remainder was split 14.5% in property, 13.4% in fixed interest, 5.1% in European equities, 3.9% in other investments, 2.6% in Pacific basin equities, 2.3% in US equities and 1.5% in Japanese equities. This is a more than 10% drop in UK equity exposure since 28 September 2001 and a correspo...
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