Top managers call bull market

Schroder's Richard Buxton and Fidelity's Sanjeev Shah have both called the bottom of the market, believing the worst of the downturn to have passed. Buxton, head of UK equities at Schroders, says despite the FTSE All-Share surging around 30% from its March low, he believes valuations have only moved from "depressed to cheap". "We passed an important point at the end of March and I do not think we will revisit those lows," he adds. Echoing his predecessor Anthony Bolton, who recently called the start of the next bull market, Fidelity UK Special Situations manager Sanjeev Shah agrees t...