Neil Woodford, the Invesco fund manager with approximately £20 billion under his responsibility has revealed that he has become more cautious about the stock markets, despite an apparent relaxation by the world economy.
According to FTadviser, he revealed:
“At a time when the UK stockmarket appears more relaxed about the risks facing the world economy and financial markets, we have become a bit more cautious.”
“The environment is still very challenging in a real sense, but financial markets have been propped up by symptomatic treatment rather than by a cure of the world’s economic problems.
“The gap between reality and perception has therefore widened.”