What's Hot? Where did the smart money go in February?

Cherry Reynard examines whether the global equity rally can be sustained...

The S&P 500 is up more than 8% since the start of the year, with the FTSE 100 just a touch behind, and European markets just a touch ahead. So far, the move into equity has largely come from cash reserves. With this in mind, there are now two main questions for investors: will money start to exit fixed income to be redeployed into equity? And will this help to sustain the equity market rally? Although the early months of 2013 have seen a clear move into risk assets, particularly equity, this rotation has not been accompanied by a commensurate move out of fixed income. This is in sp...