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Charles Schwab CEO says investors are 'de-risking' and diversifying

Charles Schwab's CEO, Walt Bettinger, has observed that investors are increasingly focusing on de-risking and diversifying their portfolios amid economic uncertainties. In an interview with CNBC, Bettinger noted a shift in investor behavior towards reducing exposure to equities and increasing allocations to cash and fixed income. This trend is driven by concerns over inflation, potential recession, and market volatility. Bettinger emphasized that Schwab is well-positioned to help clients navigate these challenging times by offering a wide range of investment products and financial planning services. He also highlighted the firm's strong financial health, with a solid balance sheet and ample liquidity, which enables Schwab to support its clients effectively during periods of market stress.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/charles-schwab-ceo-says-investors-are-de-risking-and-diversifying/ar-AA1DZlbz ]