Cash levels rising on Transact

Cash levels have continued to rise on Transact's wrap platform as advisers look to shelter from the ...

Cash levels have continued to rise on Transact’s wrap platform as advisers look to shelter from the market volatility. Cash holdings have risen to £860m, around 16.5% of total platform assets. This is up from £800, or 14.5% of assets, in January 2008 and the typical cash level of 10% to 12% seen throughout 2007.