RWC income team holds 15% cash ahead of 'market correction'
RWC Partners' income managers are holding a 15% cash position in anticipation of a pull-back in equity markets.
Nick Purves is co-manager on the £41m Enhanced Income and £22.8m Income Opportunities funds, which launched in autumn last year. He says valuations look "full" and after such a strong upward move in...
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