Old Mutual's Stephen Message has reduced the number of holdings in the £30m Equity Income and £24m Extra Income funds he inherited in November.
Chris Rice has moved his Cazenove European fund to an overweight in media, technology and business services ahead of an expected surge in capital expenditure that will benefit the sectors.
ON EMERGING MARKETS
Greece bowed to international pressure last week by formally requesting a bailout from the eurozone member countries and the International Monetary Fund.