Cash isn't only a safe place to invest, it now offers a better risk-adjusted return than equities, according to JPMorgan Asset Management.
That was highlighted by the firm's multi-asset strategy team, with $260 billion under management, which upgraded its recommendation on U.S. cash to overweight for 2019.
For the first time in a decade, investors can get a lot more from safe, liquid securities than from the S&P 500 Index, adjusted for volatility, they argued.