Europe

Fidelity will launch an income share class on Sam Morse's £3bn European fund, which will provide an estimated yield of 3.2%.

Aberdeen has halved the number of stocks in the £52m European Frontiers fund in the year since it bought the vehicle from Credit Suisse.

CONJECTURE

EUROPE

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.

Oliver Kelton has taken over as manager of the Waverton European fund as former manager Katrina Norris focuses on other parts of the business.

FUND MANAGER FOCUS

SVM's managing director Colin McLean has boosted his funds' exposure to gold companies by about 2% this month, trimming European financials and basic resource stocks to finance the switch.

Gartmore head of multi-management Tony Lanning has added the BlackRock European Dynamic fund to his portfolios, reducing his long-term underweight in the region.

The European corporate credit market is returning to pre-crisis levels, despite the concern surrounding sovereign debt markets in the region, according to Steven Blakey, the CEO at London-based European Credit Management (ECM).