Yeah…but ! Do you ? When you invest in a managed fund (or LIC), you effectively trust the manager and no, in normal circumstances you wouldn’t expect them to be holding that level of cash. But in this volatile environment, more than happy to be holding a large cash balance, so that when things start to turn, cash can be deployed for maximum gain. I don’t hold almost half my assets in cash either, but holding cash is infinitely better than holding losses !
CDM Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held
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