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Investment

Magellan ups cash weighting to 15%

Magellan Asset Management has increased the cash weighting in its Global Equity Strategy from 10% to 15% in a bid to hedge the portfolio from an impending rise in US interest rates.

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Read more: USDouglassGlobal Equity StrategyFedMagellan Asset ManagementUS interest ratesCinderellaFederal ReserveInvestmentMagellan ups cash weighting