Chatfeild-Roberts: Prepare for 'extended period of uncertainty'

Jupiter CIO John Chatfeild-Roberts says recent market volatility can offer opportunities for investors, but warns they must protect their capital as much as possible.

In the last month, European equity markets have fallen amid growing fears that the eurozone would struggle to cope with the huge debts run up by some member states and we would see a double dip recession. In the UK too, markets have pulled back, with the FTSE 100 falling 13.7% in the four weeks to 25 May. These concerns date back to earlier this year when signs emerged that sovereign debt issues were plaguing the Greek economy which had spent far beyond its means. Two weeks ago a €110bn bailout of Greece by the European Union and the International Monetary Fund was agreed and, initially,...