Marc Stacey, Senior Portfolio Manager for Investment Grade Credit, explains why the case for sitting in cash is weakening – and why even modest reinvestment flows back into credit markets could have a significant impact on performance. Key takeaways Cash is losing its shine as the investment grade yield pick-up re-emerges. Even small shifts in asset allocation away from cash could have a big impact on spreads and returns. Fundamentals look positive for the investment grade asset class, but selectivity remains key.