UK

Hermes Investment Management's Mark Sherlock has said the lag in US capital expenditure growth is still holding back stocks despite the strong equity market returns seen in recent years.

JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".

Threadneedle's Richard Colwell is adding more to stocks including Centrica and GlaxoSmithKline as he seeks contrarian equity income plays for the months ahead.

Guinness Asset Management is to close the 'Z" share class on its Global Equity Income fund to new investment as of the end of April.

Schroders has re-opened Paul Marriage's Absolute UK Dynamic fund and is to shift the portfolio to weekly dealing as a result of "declining liquidity" within the UK equity market, Investment Week can reveal.

Neptune Investment Management's Mark Martin has overhauled the £66m UK Opportunities fund since taking over as lead manager, turning it into a higher conviction portfolio with fewer positions.

The mega-cap income payers have been battered recently, so should investors be seeking out the small but beautiful divi-payers? Unicorn's Simon Moon explains why.

'No investment case for oil majors'

Old Mutual Global Investors income manager Stephen Message is running one of the largest overweights to financials in his sector, in the expectation UK banks are set to return cash to shareholders.

Holding on to ‘turbulent’ financials has paid off