Heard on the Street: Clients continue to be in cash

25 October 2011 | 2 minutes read

Despite the unexpected up-move on the Hang Seng today and insistent advice from private banks that valuations are extremely attractive at the moment for equities in both Europe and the US, clients continue to be wary of any market-linked investments preferring instead to stay liquid. “At least 30% of the average client portfolio with private banks is in cash at…

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