UK

Small-cap rethink

Chelverton Asset Management has revealed some of the stocks the group expects will power its new UK Equity Growth fund when it launches later this month.

The tide has turned against mid caps as tourists have retreated and investors head to mega caps for yield. But with lower prospects for growth among FTSE 100 stocks, should investors be favouring mid caps again? Ecclesiastical's Andrew Jackson investigates....

Mid Caps

Dividend growth will continue to disappoint the market unless some 'financial alchemy' comes in to play, explains Charles Luke from the Murray Income trust.

In the week that Tesco admitted it had over-stated its first half results by £250mn, Invesco Perpetual's Mark Barnett warns investors should be especially vigilant over visibility of earnings.

Kames Capital is to manage the latest addition to Aegon's fund range, a High Income fund intended to help investors take advantage of pension rule changes.

M&G's Global Dividend fund has had a setback in performance this year as a number of stocks disappointed with dividend cuts, but manager Stuart Rhodes remains convinced the companies can increase payouts from here.

Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.

Chris Reid, manager of the Majedie UK Income fund, has been topping up his highest conviction positions and increasing the portfolio's concentration, in the expectation divergence between winners and losers will increase.