Cash shifts to markets

Photo / Thinkstock
Photo / Thinkstock

Fund managers controlling high proportions of Australians' savings have shifted large amounts of money out of cash and bonds and into the share market in recent months.

Global bank HSBC said 75 per cent of global fund managers in its latest Fund Managers survey were holding an overweight view towards equities in the first quarter of 2013, compared to only 40 per cent in the final quarter of 2012.

- AAP

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