Fund managers move to cash - AIC

AIC figures for 2006 have revealed fund managers are increasing cash weightings after struggling to ...

AIC figures for 2006 have revealed fund managers are increasing cash weightings after struggling to find value investments. Annabel Brodie-Smith, communications director at the AIC, said despite 2006 being a strong year for stock markets, a number of managers shifted holdings to cash, particularly in the Global Growth sector. Brodie-Smith said Debenture Corporation, managed by James Henderson, increased its cash and fixed interest exposure from zero a year ago to 13%, while Alliance Trust has increased its cash and fixed interest position from 2% a year ago to 8% at the close of 2006. ...