Barron's features bond fund managers taking another shot at cash in, "John Nersesian: 5% Cash Is Great. Don't Fall in Love With It." The piece explains, "With $8.8 trillion parked in money markets and CDs, investors have enjoyed a sustained sugar high provided by sweet 5%-yielding cash equivalents. However, advisors need to ensure that clients don't overindulge. While cash is king in the short term, in the long term an overallocation can make you a pauper. 'Cash has proven to be a relatively poor hedge against the impact of inflation,' says John Nersesian, head of advisor education for Pimco. 'Stocks and fixed-income assets and alternative strategies have certainly proven to do a better job of that,' says Nersesian, who provides advanced wealth management and investment consulting education to financial professionals. On this Barron's The Way Forward podcast, Nersesian discusses how advisors can persuade cash-heavy clients to reduce their exposure. He also recommends investment strategies for redeployed cash and shares his definition of investment risk, which he frames as being less about absolute performance and more about that which can impede one from achieving their goals."