SVM's Veitch: global markets entering next bull phase

INTERVIEW

SVM manager explains how he is positioning his UK Opportunities fund to take advantage of what he expects to be a steady but unexciting bull market

The economic and stock market volatility of the past six months has done nothing to change Neil Veitch’s central view that global markets are in the early stages of a cyclical bull phase. That said, the manager of the £62.5 SVM UK Opportunities portfolio admits the lack of progress made by equity markets over the course of 2010 has been frustrating and he had hoped to have seen more positive momentum from them by now. Veitch believes the slowdown in growth that is stalling market progression is, in fact, typical of a normal recovery. He points to 2004 as a comparison, explaining: “Las...