Ex-Fidelity star Anthony Bolton warns US stocks will have ‘day of reckoning’

Asset Management

The veteran fund manager is the latest to warn over risks posed by over-exposure to the US stock market

‘All the stuff I look at suggests it is very near a top. That’s going to drag down all the passive funds with it when that bursts’, Bolton tells conference Photo: Philippe Lopez/Getty Images

Former Fidelity International star fund manager Anthony Bolton has warned “all the red lights are flashing” over US stocks, as investors continue to fear the concentration risk posed by technology giants.

“There’s going to be a day of reckoning,” Bolton told an audience at an Edinburgh investment seminar on 21 November.

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