PSigma's Becket: FTSE will rise to 5,800 by year end

Becket believes the excessive market volatility has thrown up a number of opportunities, and he has been building up his exposure to high yield credit in particular. "It is inevitable policymakers will refinance European banks and this will result in the market rallying in Q4, rising 10% and ending the year where it started at the 5,800 mark," said Becket. "The equities which will enjoy a stronger recovery will be the mega caps with a strong brand and proven track record. "High yield credit will produce strong returns for the next two years as with default rates likely to remain lo...