The Edinburgh investment trust has tumbled a further 5% this morning as investors continue to sell out, moving on to a discount following Neil Woodford's surprise move.
Richard Scott, chief investment officer of Hawksmoor, is backing healthcare as a sector to outperform and has added three preferred names to his multi-manager funds.
The US government shutdown combined with growing concern over the country's debt ceiling have led to renewed fears US equity markets could sell off heavily if the impasse continues.
Jupiter's Philip Gibbs has been buying up Australian government bonds for his £233m Second Split trust in the view the sell-off in June was overdone.
Foresight Investment Group has launched a solar fund targeting a 6p dividend on the London Stock Exchange, the latest in a string of renewable energy IPOs with attractive dividends.
J.P. Morgan Asset Management is seeking to raise £100m for the launch of an as-yet-unnamed trust investing in senior structured loans.