25 October 2017

Weekly Insights From The FNArena News Desk 23/10/17

As I flagged in last week’s Weekly Insights, it appears funds managers in Australia found themselves with too much cash on deposit, and with no weakness in September. The industry thus decided it’s best to start moving some of that cash into the local share market.

The direct result has been eleven up days out of the past thirteen, with Monday’s minor loss for the ASX200 ending seven sessions of uninterrupted gains. Given the size of the cash on the sidelines, as reported by Deutsche Bank, there should be a whole lot more ready to flow into Australian equities.

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