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Managers Fear Interest-Rate Rise





Some good readings on money managers' mentality.

From Managers Fear Interest-Rate Rise:

Investment managers remain bullish on U.S. large-capitalization growth stocks. Growth as a style is replacing market capitalization as the "perceived main driver of opportunity" in U.S. stocks, the survey says.

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Separately, the pros are now more bullish on cash -- which generally benefits from rising short-term rates. Their reasoning: Although bond yields could rise, bond prices would then fall, effectively canceling out much of the yield gain. "Money market share values, however, should remain stable in spite of rate increases," the Russell survey notes.

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