Piling cash grows in popularity among investors as market volatility rises

When markets get tough, when markets get a bit more risk-averse, it's logical to see that investors will actually allocate a higher proportion of their underlying assets to cash

Tumbling stock markets from China to Greece mean piling into cash may be the best bet for global investors as a volatile 2018 draws to a close.

That’s according to Dwyfor Evans, head of Asia-Pacific macro strategy at State Street Global Markets in Hong Kong, who says “it’s time to hold cash” after a selloff that began in emerging markets spills over into developed-nation equities.

“Investors have probably taken profit on the very, very easy money-making opportunities that arose in 2017,” Evans said. “When markets get tough, when markets get a bit more risk-averse, it’s logical to see that investors will actually