“More and more investors are starting to hoard cash thanks to an ultra-low interest rate environment and negative bond yields.
While the current run in the global equity markets has seen some investors enjoying the highs, there are still a number of investors who prefer to hold on to cash or invest in other alternative forms of investment.
A survey conducted by Bank of America Merrill Lynch last month found that cash levels were at 5.8 percent of portfolios and at the highest levels since November 2001…
…A further piece of research from Wealth-X Billionaire Census showed that the world’s billionaires are holding more than $1.7 trillion in cash. The report said that billionaires are taking money off the table where available, while uncertainties in the economy and the historical highs found in deals have resulted in cash-flush portfolios…”
Read more & watch the video @