Asset managers, frightened that the end-of-year rally on expectancies of a comfortable touchdown was once overly positive, are promoting bonds and boosting their money holdings.Bond allocations amongst fund overseers have tumbled 17 proportion issues because the identical time remaining month, in keeping with a Financial institution of The us Corp. fund supervisor survey publishedBloomberg Terminal this week. The amount of cash they parked in cash marketplace finances and different money cars rose 13 proportion issues in the similar duration.
