LGIM's Gill: Market volatility may subside at end of Q1

An end may be in sight to the daily volatility which confounded investors last year, according to Ben Gill, manager of the £509m Legal & General Global Macro Themes fund.

Gill said daily movements may subside towards the end of the first quarter of 2012: "We are still going to have the follow-up to all last year's gyrations for the first couple of months, but 2012 may be more straightforward with fewer daily value changes." He said while investors are craving clarity on the future of the eurozone, political will means events are unlikely to come to a head this year. "There will be a slowdown in the first half, but then a realisation we have come out of it in the second half, leaving markets flatter by the end of 2012. But it will be more of a down than...