Increasingly cautious global funds build cash buffer; cut equities: Reuters poll

by Rahul Karunakar

“Some near-term caution toward stocks is warranted given the strong gains in the first half combined with a slowing global economy, renewed trade tensions and stalled corporate profits growth,” said Alan Gayle, president of Via Nova Investment Management. “Moreover the lack of market participation outside of the large-cap S&P 500 highlights the challenge.”