A stock market sell-off could be on the way, the vice chairman of Jupiter Fund Management warned on Monday, describing the current low-interest-rate environment as "artificial and somewhat Alice in Wonderland."
Speaking at the FundForum International event in Monacco on Monday, Edward Bonham Carter urged caution, given the recent rise in equity markets.
"After such a strong run, one should be a bit more cautious and valuations are getting a bit more stretched," he told CNBC.
But predicting the timing of a market downturn was "notoriously difficult," Bonham Carter, who is the brother of actress Helena Bonham Carter, added.
"All I know is our fund managers are finding it a bit harder to find value out there, so it would be prudent to expect some sort of sell-off," he said.
"But the basic economic conditions around the world are still pretty solid."