Fund manager blames investors for poor performance

Mr Coombs suggested the greatest risk facing investors were "investors themselves and any wholesale caution".

He added: "We, for one, are ignoring the noise and are adding to some of our equity positions that have fallen but we continue to see long-term opportunity in and where the investment case remains compelling.

"For us, we see opportunity to buy these names at the cheaper levels recent volatility has provided and wait for the gain."