In addition to changes in asset class exposure, client cash levels have not changed in any meaningful way for the past six weeks.
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Allocations to cash have stabilized over the past few weeks with allocations hovering down to 4.17% from 4.29% the prior week.
Advisors exhibited behaviors consistent with longer-term trends across the board. Allocation to cash remained unchanged this week at 4.09%.
Allocations to cash were reduced by 21% this past week, the most significant drop in cash levels since crisis began.