Leading industry figures voicing concern over V-shaped recovery

Jeffrey and Brookes believe market uncertainty continues

Leading industry figures are split over the proposed V-shaped recovery and its longevity, with Cazenove and Prudential saying such calls are premature. Cazenove Capital Management CIO Richard Jeffrey says real data has underperformed, adding while equity markets might have started to move into positive territory year to date, the recent rally in the asset class should be regarded as a recovery from severely undervalued levels, rather than as an upturn in the world economy. He says: "In the period ahead, it is likely there will be evidence of greater uncertainty in market trends, as real...