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Investor behavior shows that cash is generally favourable over the short-term, as it appears to offer security, but seen through a long-term lens, in reality cash is categorically the worst performing asset class. This was one of the key findings in the 2015 edition of the Long-term Perspectives review launched today by Old Mutual Investment Group’s MacroSolutions boutique, which also shows that global and local equities have been the best performing asset classes over a period stretching as far back as 1925.