Cash Balances Hit 14-Year High: BofAML Global Fund Manager Survey (2/16/2016)

Cash has been the hot asset among investors as investors now hold the most cash since November 2001, according to Bank of America Merrill Lynch. The firm released the results from its latest Fund Manager Survey on Tuesday, reporting that cash is now at 5.6% and that this is an “unambiguous ‘buy’ signal.” Investors are long on cash. BAML Chief Investment Strategist Michael Hartnett and his team cited their general “FMS Cash Rule”…