Third of UK wealth managers opting for 'correction protection'

Following a year in which UK and global asset classes have made significant progress, wealth managers are increasingly concerned the market has got ahead of itself. As a result, a third of wealth managers (32%), who collectively manage in excess of £100bn, said they are holding cash across client portfolios to protect against a correction. But whilst ensuring they have some level of protection, wealth managers overall remain positive when it comes to their overall attitude to risk. In total, 39% said they were somewhat optimistic when it came to their attitude to risk, with a furth...