Jupiter's Smith-Maxwell: Correction not over but bull market persists

Algy Smith-Maxwell today said the market correction is likely to continue for some time but argues the bull market has "another leg" to it.

Speaking at the Fidelity FundsNetwork Investment Forum in London, the manager of Jupiter's Merlin multi-manager fund predicted the current market consolidation would continue for the foreseeable future. Smith-Maxwell also played down the outlook for the property market, predicting equities would outperform bricks and mortar. He added while credit offers some opportunity in the bond market, the easy money has already been made. One of three fund managers on the Jupiter Independent Funds Team, working alongside Peter Lawery and team head John Chatfeild-Roberts, Smith-Maxwell said he ...