Ruffer warns of 1999-style bubble in stockmarkets

'This looks and feels like a bubble'

David Brenchley
clock
Hamish Baillie of Ruffer Investment Company
Image:

Hamish Baillie of Ruffer Investment Company

There are "shades of 1999-2000 in stockmarkets", according to the managers of Ruffer Investment Company, whose current defensive positioning reflects that view.

In their latest note to clients, the management team of the £380m trust warned that the record proportion of initial public offerings (IPOs) of unprofitable companies, potential for an unexpected spike...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot