Investors are retaining a cautious outlook in August, holding higher than average weightings to cash and US equities, while selling exposure to commodities and UK equities, according to the latest Bank of America Merrill Lynch (BofAML) global research report.
The survey of 243 fund managers globally, carried out between 3-9 August, also found the average cash balance had risen from 4.7% in July to 5%, higher than the ten-year average of 4.5%. BofAML said...
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created