What in god's name are you even talking about?
What expectations? I don't understand?
An ETF's job is to track an index, and you holding obscene levels of cash is financially suicidal - if undeployed - given how quickly inflation is eating purchasing power.
Markets are off 20% - a wise investor would deploy some of that to take advantage of lower prices and higher yields to keep up with inflation.
Ann: Update on Hamish Douglass & David George commencement date, page-98
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