Jupiter's Nutt sees ‘significant upside' for equity prices and dividends

Jupiter's Tony Nutt has dismissed fears the UK is headed back into recession and believes equity prices and dividends have "significant upside" potential.

Nutt, manager of the ₤2.52bn Jupiter Income fund, says while the UK's mounting debt problem will have consequences for the economy, much of the current macroeconomic concerns are already priced into the market. The manager believes many companies are reporting resilient numbers despite facing a protracted and difficult period of low economic growth. "This is not a double dip and this is not a V-shaped recovery," Nutt says. "Much of the bad news, particularly in the US, which tends to lead our domestic market, leads us to believe there is considerably more upside than downside. "...