Bond managers urge investors to put their cash reserves to work
With the Fed expected to start cutting rates in 2024, cash may not be a winner for long.
For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.
That’s the message from Capital Group, DoubleLine Capital, Pimco and TCW Group. And it comes as many fixed-income managers are still
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