Bolton: West to avoid double dip

Renowned investor Anthony Bolton has predicted a further phase to the bull market on expectations Western economies will avoid a double dip recession.

Bolton, who launched his China trust just ahead of the recent market downturn, says while the world still has low interest rates and a lot of liquidity, investors will look to increase exposure to risk assets once confidence improves. "I do not have as strong a market view as I had at the beginning of last year, when I felt all the signs were aligned for a change in trend," Bolton told Investment Week. "But from early on I felt we were in a multi-year bull market. Most bull markets are more than one year in my experience. We always were going to have a decent consolidation phase in th...