LONDON (Reuters) – Global investors raised their equity holdings to a 10-month high this month as a healing world economy saw portfolios rotate further out bonds, but cash levels also rose, for the first time since May.

In a monthly Reuters poll of 52 leading investment houses in the United States, Europe and Japan, funds on aggregate held 52.2 percent of their investments in equities, the highest since April and up from 52.1 last month. But this marginal rise slowed sharply from the biggest monthly jump in the survey’s history in January, of more than two percentage points.