Fund Manager Comments: Is Another Correction Coming & What to Do About It

Our monthly highlight of comments from leading fund managers

Introduction: This is the June edition of our monthly “Fund Manager Comments”, where we track public comments by key institutional fund managers and try to draw lessons from their decisions, especially where these overlap with our own holdings and research coverage (links to our content included where relevant).

This month’s edition is focused on the possibility of a coming market correction and what investors should do about it. We highlight comments from Troy, Lindsell Train and Morgan Stanley Asset Management (on the recent market rally and its relatively narrow base), MFS (on how low volatility indices have performed in downturns and over time), JPMorgan Asset Management (who think “Quality” would outperform in the next downturn), GMO (who think “Value” would), and Smead (who listed their favourite Value stocks).

Is Another Market Correction Coming?

We have now officially returned to a bull market, with the S&P 500 index having risen by more than 20% from its lows last October (and b…