(Bloomberg) -- Anthony Bolton, who helped turn
Fidelity International into the U.K.'s largest mutual fund
manager, said declines in subprime mortgages and collateralized
debt obligations may indicate that investor confidence will soon
fall, leading to a drop in equity markets.
Investor's appetite for risk may slide as a result of
declines in the investments, which have forced some funds to
close, Bolton said. The collapses may mirror the drop of split
capital trusts in the U.K. earlier in the decade, he added.
Read more at Bloomberg Stocks News
Fidelity International into the U.K.'s largest mutual fund
manager, said declines in subprime mortgages and collateralized
debt obligations may indicate that investor confidence will soon
fall, leading to a drop in equity markets.
Investor's appetite for risk may slide as a result of
declines in the investments, which have forced some funds to
close, Bolton said. The collapses may mirror the drop of split
capital trusts in the U.K. earlier in the decade, he added.
Read more at Bloomberg Stocks News
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