Multi-asset managers have been hiking their cash weightings after a rocky start to the year for global equity markets.
Impending US employment data expected to show a further improvement in the country's economy sparked gains for equity indices around the globe overnight.
The S&P 500 saw its biggest gain in more than a month on Thursday, supported by technology stocks and strong GDP data.
Not all products offering limited liquidity should be tarred with the same brush.
Wealth managers are positioning clients' portfolios cautiously this quarter amid expectations of a setback for equity markets, despite growing appetite for risk among investors.
Shares in oil giant Royal Dutch Shell have dragged on the FTSE 100 today, after the company issued a profits warning for Q4 this morning.
Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.
Rathbones' chief investment officer Julian Chillingworth has labelled the apparent value in European equities ‘misleading', claiming the region is in for another year of anaemic growth.