Global capital market volatility increased during the second quarter of 2015 as investors considered slower economic growth, delayed interest rate increases, and later in the period, the potential for a Greek debt default.
Earlier in the quarter, economic indicators showed an improving outlook in the U.S. and Europe, and demand for global bonds softened. U.S. Treasury yields rose through to mid-June, while Eurozone bond prices also began to decline after a long rally that s
A year ago I published a newsletter titled, ‘Observing your cash’ that highlighted the higher levels of cash on hand within the various mutual funds I follow closely. At the time I was advocating that a market drop would be healthy, and your managers were ready should this occur. I also reiterated the strict process the managers of these funds use, that explained how the cash had gotten so high in these portfolios.
I wanted to update everyone on what has changed over the p