Is It Time to Raise Cash?
A recent article in The Wall Street Journal contained a headline that very likely frightened many investors — and in my opinion, that’s precisely what it was meant to do. Otherwise, why inform investors that “U.S. public pension plans and mutual funds are sheltering more of their holdings in cash than they have in years, a sign of growing stress in financial markets.”
According to the article, as of September 30, 2015, pension funds held the highest cash levels as a percentage of assets since 2004. And for mutual funds, the percentage of assets held in cash was the highest for the end of any quarter since at least 2007.
Read the rest of the article on MutualFunds.com.