Troy Trojan fund manager Sebastian Lyon has said equity market dynamics in 2014 are comparable to those seen ahead of the financial crisis in 2007.
The UK's blue chip index has shed 100 points to drop below 6,350, hitting a fresh 12-month low at the end of a volatile week for equity markets.
The UK mid-cap index still look pricey despite a sell-off which has left it down 7.5% year-to-date, according to Invesco Perpetual's head of UK equities Mark Barnett.
High Yield opportunities