Market heads for summer lull, while advisers gear up for regulatory nightmare

The usual sell in May and go away tradition appears to be living up to its long-term reputation, wit...

The usual sell in May and go away tradition appears to be living up to its long-term reputation, with many fund managers pointing to a noticeable shift in attitude to risk among investors. Small caps are looking ripe to become the casualty in the traditional May sell-off, but managers like Framlington's Roger Whiteoak expect that come September, this area of the market will return to favour once again. In general, consensus is that the appetite for risk is waning, as demonstrated by the fact corporate bond spreads are widening and emerging markets are falling. At a company level, there ...