Investors Flock to Safety Plays, but Stock ‘FOMO’ Lingers
by: Eric Wallerstein
Money managers are shying away from risk, turning to defensive stocks and Treasurys in their search for safety. Yet they appear equally fearful of missing out on a potential stock-market rally. Institutional investors’ allocations to equities remain above the long-term trend, while cash holdings are in line with historical averages, according to data from State Street.
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