Uncertainty and fear are driving affluent investors into cash at record levels, according to the MFS Investing Sentiment Survey. While investors of all ages are moving into cash, they are being led by Generation Y.

Nearly 60% of investors said fear of volatility or needing money is why they are holding high or increasing levels of cash. They also cite liquidity, the ability to have immediate access to their money, and said it will take a meaningful change in the economy or their personal circumstances to change their minds and return to the stock market.

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