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It’s ‘embarrassing’ to hold cash but there are few alternatives, says investment manager

May 7, 2018

Via: CNBC

High valuations across different assets classes are posing very few alternatives to investors, one investment manager told CNBC, adding he would rather sit on cash.

The surge in valuations, mostly seen throughout 2017, has made equities, bonds and currencies more expensive for those who want to invest in these categories. As a result, some money managers believe that the current market environment doesn’t offer good opportunities and they would rather save their money to invest at a later stage.

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