Investors should not expect the bull market to return too soon, says Axa Investment Management, as U...
Investors should not expect the bull market to return too soon, says Axa Investment Management, as UK equities are likely to decrease in value again next year. Senior investment strategist Nigel Richardson predicts the equity bubble will not totally burst, however there is some concern that investors will see fleeting rallies in the UK and US markets as an indicator of upside potential. Richardson says he believes shares may now have returned to "fair value. But cooling housing price inflation and slowing consumer spending are likely to reflect true confidence in the equity market...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes