Sentiment Down, (Even) More Cash On The Sideline

As expected, investor sentiment in Australia took a big step back in September as risk assets both locally and internationally showed maximum volatility and big, sharp falls. The two-monthly Australian Investors' Sentiment Survey also showed most retail investors remain fairly sanguine about the medium to longer term outlook, but they nevertheless chose to increase cash to a level not seen since May last year. For more details on the survey (VIEW LINK)