UK

Also swaps references to FTSE index

Set to replace John Stewart

Before the credit boom, professional investors routinely allocated 10% or more of their portfolios to small-cap stocks, writes Andrew Morgan, portfolio manager at Walker Crips.

Partly offset by creation of 200 new roles

A number of commentators correctly highlighted at the start of the year that dividends were at risk in the resources area of the UK equity market, writes Stephen Message, manager of the Old Mutual UK Equity Income fund.

Predicts slower long-term growth

Managers do not think Brexit will happen

The first quarter of 2016 saw a significant correction give way to a sustained rally as the situation in emerging markets and commodities moved from being intractable to seemingly containable, writes Man GLG's Henry Dixon.

Took over fund in April

£11.3m profit in first year