BlockBeats News, March 26 — To avoid the risks brought by the Iran war, investors are selling stocks and bonds and reallocating into cash, similar to their strategy after Russia invaded Ukraine in 2022. A recent survey of fund managers by Bank of America this month shows that cash holdings have experienced the largest increase in six years. Meanwhile, JPMorgan strategists stated this week that position adjustments made in response to the conflict may still be far from over.
Led by Nicolas Pannigizoglou, JPMorgan’s team said in a report that as long as geopolitical and macroeconomic uncertainties remain high, the current cash allocation, which is still below historical levels, will negatively impact future stock and bond markets. Investors have been selling stocks, bonds, and gold simultaneously, and are more inclined to increase cash holdings. However, compared to the outbreak of the Russia-Ukraine conflict, cash levels in portfolios remain moderate. (Jin10)
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