The Great Cash Mismatch

By Doug Sandler, CFA SUMMARY High short-term rates have incentivized long-term investors to park assets in cash equivalents. Paying for long-term liabilities with short-term assets is a mismatch. Funding mismatches can lead to investment disappointments later, in our view. Bringing a Knife to a Gunfight: Cash Lacks Long-Term Firepower We are worried that today’s relatively [...] The post The Great Cash Mismatch appeared first on ETF Trends .