Equities

Following a volatile few months, four fund managers discuss their outlook for small caps in the US and the UK, and where they believe the best sources of growth will be in 2016.

China and Africa funds to be merged away

The Japanese yen hit a multi-year low of ¥125 to the dollar in June last year, a significant 40% decline from its peak of around ¥75 in October 2011. As a result, the weak Japanese yen drove corporate earnings to record highs in the last few years.

Banks worst hit

Leaving after 12 years

Will remain as portfolio manager

Yield target for Asian Income falls to 125% of index

William Tamworth joined last year

Brings vehicle in line with competitors

Pipeline of UK names