Top U.K. fund manager Anthony Bolton says the recent tumult in global markets has created a buying opportunity in Asian markets.

“I believe the recent stock market volatility reflects a familiar pattern during this bull market of short, but often very sharp set backs, within a bull trend,” Bolton says, according to the Financial Times. He says he thinks a bull market will resume shortly in Asia.

Bolton also says the declines make many developing markets even more attractive for investors. “This makes the case for exposure to developing markets and particularly those of Asia even more compelling where growth rates by comparison — even though they are slowing — will still be very attractive. History shows that normally extreme equity market volatility, as we are now experiencing, should be seen as a time of opportunity rather than a time to become more defensive.”