AXA IM's Stride: 'Normal' markets may not return until 2015

Investors still face at least two years of uncertainty before a degree of normality returns to markets, according to Jim Stride, head of AXA IM's £13bn Distribution range.

Speaking before the first signs of a New Year equity market rally emerged last week, Stride said investors should be wary of reading too much into early-year market moves. The manager of AXA IM’s £325m Distribution fund said it will take until 2015 at the earliest until UK investors experience a “normal situation”. “There is usually a seasonal turn of optimism around January, and I would imagine the market could follow a similar pattern to 2012. “There are slightly better foundations for a recovery in economic activity [this year], but it will be 2015 – seven years on from the height...