Cash holding of mutual fund houses is on the rise, reflecting the valuation discomfort among fund managers amid global economic uncertainties. The average cash holding of top twenty mutual funds houses based on assets under management (AUM) rose to a record 5.8% at the end of September from 4.3% a year ago, according to the data compiled by the domestic brokerage Motilal Oswal Financial Services.
Beyond college funds: Why parents need to invest for a skills-first future
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