Troy Asset Management CEO Sebastian Lyon has pledged to retain his 'natural caution' in the face of an increasingly optimistic atmosphere for equity investment.
The FTSE 100 has jumped almost 1% after former US Treasury secretary Larry Summers withdrew his candidacy to replace Federal Reserve chair Ben Bernanke next year.
Mining stocks led a drop in the FTSE 100 today as falling commodity prices weighed on shares.
Analysts at the Bank of America Merrill Lynch have tipped the FTSE 100 to rise to 7,400 next year, citing the strengthening economy and an accommodating central bank as reasons why stocks can reach such highs.
European financials are among the day's biggest fallers as benchmark French and German indices struggle amid intensifying geopolitical concerns.
Better-than-expected data from China and the Eurozone helped the FTSE 100 rebound from a three-day sell-off that saw the index hit a six-week low earlier this week.
The FTSE 100 has shed 40 points in early trading to move back towards the 6,400 mark, compounding losses suffered in recent days.
Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.
London's leading share index fell quickly into the red after new Bank of England (BoE) governor Mark Carney unveiled plans to issue market's forward guidance on interest rates.
Disappointing results have sent HSBC shares down 5% and erased the FTSE 100's early gains on the first day of trading this week.