Trust is to diversify away from concentrated UK sectors after 90% of investors voted to allocate non-UK companies

Managers have welcomed Treasury proposals to relax the rules governing VCT and EIS investment.

Sarasin's John Godley has started buying long-dated gilts believing prices are nearing a bottom.

Allianz RCM's Dynamic Growth to comprise high and low volatility asset classes, weighted 70/30 towards former

St James's Place has launched three new funds, picking industry heavyweights such as Mark Lyttleton and Jonathan Asante to run the mandates.

The Treasury is considering relaxing the rules which govern VCT investment.

The Government has announced a consultation into the tax regime for investment trusts which will include rules on direct property investment.

The IMA has applauded the Government's move the amend tax rules it says is forcing groups to domicile funds away from the UK.

The Chancellor has pledged to set up a £2bn investment bank to fund green transport and technology.

Up to 180 offshore funds will be listed in IMA sectors from 1 April, with the majority already admitted set to reside in the Specialist category.