Australians pour money into cash and bonds as markets panic – AFR

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Investors have begun repositioning their portfolios towards safe assets like cash and bonds amid a market upheaval that has pushed the ASX towards correction territory and sent Wall Street tumbling this week.
Figures compiled by Betashares, one of the country’s biggest providers of exchange-traded funds popular with retail investors, said a third of new money flowing into ETF products this month was headed towards fixed income strategies, a 16 per cent increase compared to February.
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