IFAs in US pile client assets back into market - papers

Brokerage giant Charles Schwab Corp said this week advisers are pulling money from cash and mutual funds to boost allocations to exchange-traded funds (ETFs). They are also funneling more dollars into large-cap international equities, Schwab said, citing a January survey of 1,144 advisers overseeing more than $252bn in client assets. "I think if anything, we're going to be pleasantly surprised by the ability of the economy to enter into something resembling a self-sustaining path," Schwab Chief Investment Strategist Liz Ann Sonders said at a briefing on Tuesday. Full Reuters story...