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Magellan moves to cash
Wednesday 20th of August 2014
Lead portfolio manager Hamish Douglass says cash now sits at about 10% in this and other funds the firm runs.
The last time Magellan materially increased its cash weighting was at the start of the European sovereign debt crisis in early 2010.
“We are lifting our cash weighting to increase the defensiveness of our portfolio in response to the massive compression in risk premia acro...
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