Bolton: it's right to quit if I'm totally wrong on China

Anthony Bolton has said that if his bullish call on China turns out to be totally wrong then it is right that he stands back from his £580 million trust.

In an exclusive Citywire interview, the veteran fund manager spoke candidly about his performance.

While it is no secret that Bolton's trust has not lived up to some investors expectations - losing 25.8% over the 12 months to December 2011 versus a drop of 11.44% in the MSCI China Index - the manager admittted he had never been asked how long he had to turn things around in a grilling from Wealth Manager.

'It is the first time I've been asked that. I'm not going to run the fund forever and I cannot tell you anything more than I have said publicly.  A lot of people have bought in to my optimism about China, saying that it is one of the great opportunities of all time...if I'm totally wrong on that, then, quite right, stop. Let's face it when we get there,' Bolton said.

In a seperate video interview with our sister publication New Model Adviser below, Bolton gave himself a July deadline as to whether he will continue running the trust.