Asset allocators redeploy record cash levels as Greece 'event-risk' subsides

Anna Fedorova

Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.

The latest Fund Manager Survey from Bank of America Merrill Lynch showed cash holdings jumped to their highest levels since the Lehman crisis in the first week of July. But as markets retreated,...

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