UniSuper Turns to Cash to Navigate Market Ructions
Hello, Rich Henderson in Bloomberg's Melbourne bureau with the latest headlines...
Today's must-reads:
• UniSuper ramps up cash holdings
• Demand for Aussie bonds falls
• Australia cracks down on crypto ATMs
UniSuper is ramping up its holdings of cash to navigate market uncertainty. John Pearce, chief investment officer of the A$149 billion fund, said its cash holdings were approaching Covid 19-era levels as Donald Trump's trade war roils global markets.
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