Justin Waring and Kiran Ganesh from the Chief Investment Office of UBS Global Wealth Management discuss how to balance short-term liquidity needs with putting cash to work. Recent UBS Investor Sentiment survey findings show that more than 60 per cent of investors hold at least 10 per cent of their assets in cash; and that the average investor holds about 22 per cent of their assets in cash and cash-equivalents. But how does the smart investor ensure the right balance in their portfolio?