17.03.2016 - Cash out, commodities up: global fundie survey
Fund managers are finally spending their cash hoardings, according to Morgan Stanley's global fund manager survey for March - with commodities a favourite target. The survey was taken between March 4 and March 10, when global markets were rallying, risk was back in favour, and commodities had seemingly bottomed. The top ten survey takeaways, as judged by Morgan Stanley, were: Cash holdings fell from 5.6 per cent in February - the highest figure since November 2001 - to 5.1 per cent. The allocation to commodities went from net 29 per cent underweight to net 13 per cent underweight - the biggest month-on-month jump since records began in 2006. The current figure, a nine-month high, is still 0.6 standard deviations below the long-term average...............................................Full Article: Source
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