Newton's Stewart: Investors should not 'jump the gun'

Newton's Iain Stewart has warned investors not to be too encouraged by the recent recovery in markets and GDP figures, warning structural headwinds could derail growth in the second quarter.

Stewart, manager of the £5.4bn Newton Real Return fund, warned the on-going eurozone uncertainty and significant financial market volatility needed to be watched with caution, as it could de-rail markets. He also warned further liquidity injections and bailouts, which are once again being mooted, were not necessarily the answer to global markets' structural problems. "Despite the recent, more bullish market sentiment, we maintain that investors may be jumping the gun in shrugging off the structural headwinds and anticipating a return to trend economic growth rates," said Stewart. "...