With 2012 looking jittery, asset managers raised their cash balances to the highest in a year in...

|By:, SA News Editor

With 2012 looking jittery, asset managers raised their cash balances to the highest in a year in December and upped their exposure to stocks but reduced their bond holdings, a Reuters survey shows. HSBC is "positive on the longer-term prospects for equities," while Legg Mason sees "compelling valuations" in U.S. stocks.