With summer vacation season upon us, many are taking a well-deserved break from work, business or the relentless flow of headlines. But what about your funds?
One of the more notable statistics to recently cross our desks is the growing pool of capital sitting on the sidelines. In the U.S., highly liquid, low-risk cash-equivalent holdings have doubled in less than five years, rising from $4 trillion during the pandemic to roughly $8 trillion today, even as equity markets have advanced.