Gerit Heinz, Global Chief Investment Strategist; Daniel Kunz Senior Strategist Europe

Jul. 31, 2019

In these uncertain times, higher cash holdings in portfolios might appeal – but they can have multiple implications for portfolios. In this CIO Special report, we focus on the following three concerns:

  • The returns illusion: how nominal returns can mask a history of poor cash real return performance.
  • More cash, more risk: why increasing cash may also mean increasing non-cash risk.
  • Market timing perils: still a problem, even with higher cash holdings.

 

To download a PDF of the full report, please click here.

 

In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not thecase in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk.

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