The new market cycle looks real this time around

Leader

When you hear fund managers talking about new market cycles, it frankly gives you a case of déjà vu ...

When you hear fund managers talking about new market cycles, it frankly gives you a case of déjà vu - new paradigms and technology bubbles. But when fund managers as intelligent and proven as Schroders' Richard Buxton and Jupiter's Tony Nutt talk about new market cycles, it's time to take note and digest the implications for investors. At a recent Investment Week conference, they separately identified the new market cycle, certainly as far as the UK market goes, as being one where there is no discernible direction in the headline rate of the FTSE. Indeed, in a throwaway comment, Nutt sai...