SEB's chief economist sees investors shifting from stocks to cash
The powerful upturn in the stock market this year is not built on strong forecasts for corporate profits. Investors are now taking a more defensive approach, acccroding to Swedish bank SEB.
BY HELLA ANDERSEN
Some investors have recently showed defensive behavior and are now building up their cash balances, Robert Bergqvist, chief economist at Swedish bank SEB, points out in an interview with The Financial Times.
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