As the stock market continues to close as high as 300 points higher or lower in recent weeks, mutual fund portfolio managers are increasingly hoarding cash or liquid cash-equivalent investments. Even bellwether Oracle of Omaha
But the unusually high levels of cash some mutual fund skippers are stockpiling, in some cases 40%, 50% of their portfolio, is irking advisers, reports The Wall Street Journal in todays Fund Track column.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.