After a volatile start to 2012, equity markets have staged a prolonged rally in recent weeks.
Investec manager reveals his stance following EMD rally at start of the year.
Schroders' chief economist Keith Wade has warned the latest Greek bailout is "doomed to fail", while delivering a more positive outlook for the global economy after the latest round of stimulus.
The €1trn in cheap loans provided by the ECB since December is expected to be only the start of a wave of liquidity measures that store up problems for the eurozone.