UK

Franklin Templeton UK Mid Cap fund manager Paul Spencer has sold some of the portfolio's longest-held positions after taking advantage of the post-election UK equity rally.

Liontrust has reported a £7m net outflow for the three months to 30 June as an uncertain period for investors temporarily pushed down assets under management.

David Urch, lead manager of the TB Garraway UK Equity Market fund, says investors should not be so complacent when it comes to global crises and the potential impact they can have on UK companies.

Strong performance from financials bumped up UK payouts to a second quarter record of £29.2bn this year, according to the latest Capita Dividend Monitor.

UK equity managers are the biggest winners in the latest bi-annual rebalancing of FE Trustnet's Crown Ratings, with 51 funds gaining the top accolade of five crowns.

Old Mutual Global Investors' Richard Buxton has backed Neil Woodford's criticisms of the government's renewable energy tax U-turn, warning it could render the utilities sector "uninvestable".

Fidelity's Alex Wright is backing Barclays to begin its turnaround in earnest following last week's dismissal of chief executive Antony Jenkins.

Neil Woodford has criticised Chancellor George Osborne's cut to tax breaks for renewable energy after shares in his holding of Drax fell by over a quarter.

Square Mile Investment Consulting & Research's Richard Romer-Lee analyses the impact of another fund's departure from the Investment Association's UK Equity Income sector.

Gervais Williams, manager of the Miton UK Smaller Companies fund, has said negative sentiment towards small caps has delayed plans to double the number of stocks in the portfolio.