Premier's White: Managers' collective gloom is misplaced

Many managers are expecting a correction in the UK market. But with prices at current levels, market rotations could continue without much change in the overall level of the All-Share, argues Premier Asset Management's Chris White.

Doom and gloom There seems to be a collective gloom among UK fund managers at the present time, with most expecting a correction. Small and mid-cap stocks have performed tremendously well over the past few years and indeed many areas of the market do look overvalued. Interest rates will start to rise soon and geopolitical risks have also increased over the course of the year. I share some of these concerns, but I think there are reasons to be a little more positive. The FTSE 100 index does not appear expensive. In this low interest rate, low inflation, QE world that we live i...