Schroders' Jenny Jones has increased cash in her £824m US Mid Cap fund to 9%, warning valuations in US markets are favouring large caps.
Standard & Poor's has downgraded a raft of US and UK banks including HSBC, Barclays, and Goldman Sachs following an overhaul of its ratings criteria.
Although market volatility is set to remain for the forseeable future, there is no shortage of opportunities, writes Grant Bughman, client portfolio manager of the UBS US Growth fund.
This year's Thanksgiving will have provided a welcome time out for politicians and markets across the Pond. It is also a time to reflect on the state of the nation as everything closes down for the day and people retreat to spend time with their families....
Newton's Simon Laing has joined Invesco Perpetual as head of US equity fund management.
Fund managers in the US equity income space are favouring stocks in the consumer sector despite slower consumer spending seen in the past month.
US equity valuations are at a 40-year low and represent an excellent opportunity for investors in the medium term, according to Jerome Nunan at Aviva Investors.
Smith & Williamson's Tana Focke and Robert Royle have increased exposure to domestic earnings on the North American Trust after a recent US visit revealed growing optimism in the corporate sector.
The cost of insuring against a default by Bank of America reached a new high yesterday as investors' fears over US exposure to the European debt crisis deepened.