Investment Trusts

J.P. Morgan's global equities specialist Jeroen Huysinga has been rotating out of mid-cap stocks and into large caps on valuation grounds.

BlackRock's Will Landers says the upcoming election in Brazil is unlikely to lead to a dramatic change in economic policy.

The manager of the Bankers investment trust has reduced the portfolio's fixed income holdings in the view the outlook for equity returns is superior.

The board of the £42m Jupiter Green investment trust has made changes to the vehicle's investment policy following a strategic review.

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.

INVESTMENT TRUSTS

SVM Asset Management has invested about half its fund of funds assets in investment trusts that have remained at excessively wide discounts to NAV since the credit crisis.

The after-effects of the credit crunch combined with a lacklustre UN Climate Change Conference have led the BlackRock New Energy trust to underperform, its managers say.

Shareholders in the £124m Martin Currie Pacific trust have voted for the company to continue for another five years.

Brokerage firm Canaccord Genuity says shareholders should vote against the merger of F&C Commercial Property trust (FCPT) and the UK Commercial Property trust (UKCPT) because it is not in investors' interests.