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Cash holdings close to credit crisis highs in wake of equities sell-off: Bank of America Merrill Lynch

Investors believe that the global economy will slow significantly in the coming 12 months but will avoid dipping back into recession, according to Bank of America Merrill Lynch Survey of fund managers for August. 13% of respondents to the global survey believe that the world economy is headed for a period of weaker growth. The reading represents a significant swing…

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