In celebration of the anniversary of Bill Mott resuming the day-to-day management of the Credit Suis...
In celebration of the anniversary of Bill Mott resuming the day-to-day management of the Credit Suisse income funds, the group is offering a 1% discount on both its Income Fund and its Monthly Income Fund.
The initial charge will be cut to 4.25% from 5.25% until 30 June. Mott said he sees opportunities on a stock-specific level in all areas of the market and that a UK recession is unlikely. Credit Suisse expects the FTSE 100 to be at 6,500 by the end of 2001.
Mott said: "Despite the volatile short-term outlook, we should not panic during the avalanche of profit warnings which may hit us. The pull of lower interest rates will be the dominant force and markets will perform well.
"We are cherry-picking intrinsically undervalued situations where short-term sentiment has driven to well below what we believe is realistic and fair value. As sentiment becomes more rational, we can expect revaluations."
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