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Regulation
08 July 2025 by Maja Garaca Djurdjevic

No rate cut in July, but Bullock says call was about timing rather than direction

In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of ...
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Platforms hold their ground with fund managers amid advice shift

Fund managers are keeping platforms firmly in their ETFs, confident in their growing role reshaping financial advice and ...

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‘Set-and-forget portfolios no longer serve’, says BlackRock as it adopts tactical stance

Immutable economic laws and mega forces are keeping BlackRock overweight US equities, but the fund manager is adopting a ...

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New active ETF provider aims to be ‘new Betashares’ with active ETFs

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RBA delivers closely watched decision amid mounting easing signals

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call

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DigitalX secures institutional backing as bitcoin strategy gains momentum

DigitalX’s latest strategic placement signals strong institutional endorsement of its cryptocurrency strategy by leaders ...

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Cash to lose crown as asset class king

  •  
By Christine St Anne
  •  
2 minute read

Cash as the king looks set to be dethroned, according to Russell Investments.

Interest rate cuts and rising investor confidence in equity markets will mean cash will no longer be viewed as king of the asset classes, according to Russell Investments chief investment officer Symon Parish.

He said while investors seek the security of cash safe havens, there are now other emerging opportunities in the investment landscape for 2009.

"Equity valuations look attractive relative to the significantly lower returns from cash as a result of the series of recent interest rate cuts," Parish said. 

"Cash will no longer be king as risk aversion dissipates and investor confidence in equity markets picks up over 2009."

 
 

Opportunities have emerged in Japan, with valuations at their lowest level. The country's banking sector in particular has weathered the financial crisis better than banks in Western countries, according to Parish.

The market recovery will also be led by the US, he said.

"The US will lead other international markets in recovery as they have experienced the financial turmoil and slowdown in productivity earlier and deeper than other countries," Parish said.

This year there will be plentiful opportunities for the most skilful active managers to add value against market benchmarks, he said.