JPMAM's Gartside: Why 2012 is becoming a repeat of 2011

This year is turning into a repeat of 2011, according to JPM's Nick Gartside, who said the absence of a strong trend has led to another year characterised by swings between good and bad days.

Today's weak economic environment, where sluggish growth combined with confusing economic data has led to increased volatility, could continue into 2013, said Gartside, manager of the £472m J.P. Morgan Strategic Bond fund. "This year does have a roadmap and, interestingly, it does look a bit like 2011, whereby the markets started the year well and then stumbled in the summer," he said. Gartside (pictured) said the absence of a strong trend means managers need to be more dynamic with their asset allocation. "When you get an obvious trended market, when economic growth is either str...