The share of portfolios in cash fell to a record low 3.3% in December, according to the bank's Global Fund Manager survey.
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The market remains deeply oversold, so we're dipping into our cash position to take advantage.
Cash rates have gone down alongside Federal Reserve rate cuts. How much you should hold and where to stash it.
A recent analysis by BlackRock shows how much income investors are leaving on the table with cash compared to bonds.
"The imperative to put cash to work is increasing," UBS said.
Scott Rubner of Citadel Securities pointed out that only 22% of S&P 500 members have outperformed the benchmark over the past 30…
Ken Mahoney, CEO of Mahoney Asset Management, said investors should hold onto a "meaningful amount" of cash this year.
