Asia’s leading investors are continuing to pull back on their riskier assets as global economic concerns worsen. Sovereign wealth funds and institutional investors, with control of more than $1 trillion, have minimized investments in both stocks and bonds and begun boosting their cash resources. According to Barry Bosworth of the Brooklyn Institution, the change “reflects a growing perception that the problems in Europe and the U.S. will not be resolved any time soon. The risks of a large negative...


