Falls not viewed as start of bear market

In recent weeks investors have been watching global equities closely as market volatility intensifies on the back of US inflationary concerns. Since May, the S&P 500, FTSE 100 and MSCI Emerging Markets index have all lost around 7% of their value, while the Topix 500 has fallen 13%. The big question is whether this is a temporary blip in a bull market or the sign that something rather unpleasant is on the way. While many believe this is just a levelling out of markets that have seen steady rises for several years, Ted Scott, manager of the F&C UK Growth & Income fund, believes further f...