Investors ‘hiding in cash’ but outlook remains mixed; The characteristics of the top HNW portfolios

Recent trends suggest a sharp rise in investors’ appetite to cash, including a surge towards cash ETFs. However, JPMAM maintains it is likely to underperform equities and fixed income in the year ahead.

A report by financial technology firm FinClear has identified six portfolio characteristics of successful high-net-worth investors.

Perpetual has ruled out making any further acquisitions while it embeds Pendal, and is seeking at least two board directors as part of a board renewal process.

Global fund managers are expectant of a stockmarket rally at the end of the year, according to October’s fund manager survey from Bank of America.

Challenger has declared a “positive performance despite challenging industry conditions” for its funds management business for the quarter.

Magellan is considering a conversion of the closed class units of its Magellan Global Fund into open ones in a bid to narrow its discount to NAV.