'Cash is a safe haven' - Is now the right time to raise cash positions?

Mike Felton, manager, M&G UK Growth fund Wait for opportunities Cash allows investors to move quickly when opportunities arise as a result of volatility. We have increased our cash allocation because we are waiting for better opportunities to present themselves. We do not need the entire market to become cheap all at once; rather, we need a handful of particularly attractive opportunities. If we have a pre-disposed position to buy whenever we have cash, we neglect the option value that cash affords us in the future.  We have to assess current valuations and what these mean for fut...