Mott: FTSE will seesaw between 5,000 and 5,600 for years

PSigma's Bill Mott has shaped his portfolio for a multi-year period of anaemic growth, which will see markets seesaw as investors switch between risk on and risk off trades.

Mott, who heads up the group's £452m Income fund, said the FTSE 100 will be range-bound between 5,000 and 5,600 points, as the economy rebalances. He forecasts a 60% chance that growth will be sluggish for a number of years with UK growth standing at around 1%. Mott joined other critics of the Office for Budget Responsibilities' growth forecasts for 2013 and 2014, at 2.1% and 2.7%, saying they are too optimistic. "Our central scenario is there will be a multi-year period of anaemic growth. To achieve the government's re-balancing act growth will inevitably be low," said Mott. "T...