Aberdeen multi-managers build cash but still bullish on equities


Aberdeen co-heads of multi-manager Graham Duce and Aidan Kearney have been building up cash across their MM range on expectations of near-term pressure for equity markets.

After running almost fully invested over the last few months, the Aberdeen MM team increased cash levels to about 5-7% across the portfolios over the past week. As has been the case over the summer,...

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