Australians pour money into cash and bonds as financial markets panic

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.Loading...