Ian Sayers, director general of the AIC, has suggested trusts be integrated into the Investment Management Associates' (IMA) open-ended investment company sectors.

The manager of the £1.2bn Caledonia Investment trust is aiming to increase its yield by revamping it into a more concentrated portfolio.

F&C manager introduces put and call options with greater mega-cap emphasis to enhance yield and bring fund's performance back to top quartile.

COMMODITIES SELL-OFF WAS JUSTIFIED

UK Leading Companies manager Richard Hallett warns against backing commodities too heavily.

Castlestone Management has suspended subscriptions on three of its Dublin-domiciled funds following an order by the Central Bank of Ireland.

Standard Life Investments has pushed back the soft-closure of Harry Nimmo's £1.1.bn UK Smaller Companies fund to the end of August, after initially planning to cap the fund on 27 June.

IMA PLANS FAIL INVESTORS

Neil Woodford is poised to increase the limit on overseas investments in his £940m Edinburgh investment trust to 20%, as the manager continues to find better income opportunities outside of the UK.

Iceland is poised to re-enter the bond market for the first time since the collapse of its major banks.