In the Margins
U.S. public pension plans and mutual funds are holding more in cash than they have in years, a stance that reflects investors’ skittishness about global economic growth and uncertain prospects for further gains in assets. Pension funds have the added need to cut more checks as Americans retire in greater numbers, while mutual funds want cash to cover the risk that investors spooked by volatile markets will pull out more of their money. Read the original story from The Wall Street Journal.
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