Value fund managers who have once again fallen out of favor are now accumulating conspicuous amounts of cash in their portfolios, TheStreet.com reports.
While growth funds are doubling down on equity bets in the current bullish market environment, cash holdings have grown to 36% of the
Don Yacktman, who oversees the value-driven
Bulging cash allocations in value fund portfolios are expected to rankle investors who fear being sidelined during the next market upturn. Investors are also likely to grouse about management fees while a sizeable portion of their assets are out of the market.