the groups shift money from equities over past six months in favour of more liquid ASSETS
Investment trusts have increased cash weightings over the past six months, pulling money out of equities in favour of more liquid assets. Of the 37 sectors in the investment trust universe, 19 saw an increase in the weighted average proportion of cash held in the component portfolios over the six months to 24 March, according to HSBC investment trust data tables for NAV performance, gearing and discounts. Analysis by Investment Week has found that of the 19 trust sectors where cash weightings increased, 11 also saw a reduction in the weighted average allocation to equities, suggestin...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes