Equities

Dividing Europe in to 'core' and 'peripheral' markets is an old debate, and now it makes more sense to distinguish between growth and no growth markets, explains Johan Jooste, UK chief investment officer at Julius Baer.

Substantial risks do remain in the US market, but steer clear of cyclical sectors and it should be plain sailing, argues Carmignac Gestion's Sandra Crowl.

Positive economic news in the US and the continuing recovery in the UK have pushed equity valuations near to peak levels. So where can investors turn for protection in case markets fall from here?

Investors have been lulled by the "calm before the storm" in terms of low volatility, the managers of the Ruffer Investment Company have warned.

Threadneedle global emerging market manager Irina Miklavchich explains why she has topped up holdings in Asian tech companies, and is closely watching the trouble brewing in China's real estate sector.

THE BIG QUESTION

UK equity income managers have found their early purchases of Lloyds Banking Group thwarted by a longer than expected delay in the bank restarting dividend payments.

Natixis Global Asset Management has launched a global concentrated equity fund with a focus on long-term value.

Unicorn Asset Management has hired two junior fund managers to work across the group's fund range.

The US' two main markets climbed to record highs on Thursday, driven by better than expected jobs data.