Hamilton: correction milder but coming sooner than post-TMT

InvPerp manager believes early decade correction was caused by indexation overvaluation while current issues are down to deeper banking issues

The current peak-to-trough market correction is less severe than post-TMT bubble but has occurred in a third of the time of the 2000-2003 downturn. Invesco Perpetual's head of international products Nick Hamilton said the early decade correction was down to indexation overvaluation while the current issues are caused by a much deeper banking problem. While he believes markets could re-test lows from here, the group is confident the UK has seen the bottom and is highlighting several signs of value. "We are a low turnover group, which means we will not rush to sell as market volatility ...