Miton’s David Jane warns of ‘Alice in Wonderland’ economy

The pair manage the £319m Cautious Multi Asset fund, the £85.5m Miton Defensive Multi Asset fund, and the £57.1m Cautious Monthly Income fund.

Mr Jane founded investment boutique Darwin, which was bought by Miton in June 2014.

Colin Low, chartered financial planner and managing director of Suffolk-based Kingsfleet Wealth, said: “I would agree that we have moved into a nonsensical economy, but it has been true for the past six years.

“Investors are being tempted into taking more risk than they can sometimes afford.”

katherine.denham@ft.com