A safe haven, but for how long?

“We call cash, cash. In this type of environment there are very correlated risks, like between credit and equities, but we are not trying to create equity-like returns from cash and fixed interest,” he says. “

Some clients are de-allocating from other aggressive assets into cash, but if you have a good adviser who has kept you on the straight and narrow and not misdirected your risk tolerance in the first place, then you will be OK.”