Multi-managers redeployed built-up cash positions into investment grade bonds, alternative UCITS products and US equities in the last three months of 2016, according to quarterly research carried out by distributor Harrington Cooper.
During an eventful quarter, which saw a strong equity rally following the victory of Donald Trump in the US Presidential Election, average cash positions on balanced model portfolios were reduced by 2.3%...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year