UK

OPM Fund Management has invested in a reverse convertible product covering three UK banks in the view their share prices are unlikely to significantly fall over the next year.

Peter Cockburn attributes consistently strong performance to resources exposure

The UK's leading income managers say investors should remain confident about dividend growth in 2010 and beyond, despite growing fears last week income giant BP, as well as many European players, may be forced to cut or pass payouts.

M&G has recorded net inflows of £3.4bn over the first five months of the year.

A number of the UK's most respected fund managers have called for the removal of Prudential CEO Tidjane Thiam.

UK GROWTH

Schroder Income duo Nick Kirrage and Kevin Murphy have increased their position in BP over the past 48 hours, believing it is "almost inconceivable" it will face a fine above the $50bn level which would put its dividend in jeopardy.

Schroders' Andy Brough has dismissed concerns BP has become a takeover target or will be forced to cut its dividend, labelling investor reaction to the Gulf of Mexico disaster as "mad".

UK INCOME

Jupiter's six most senior fund managers are set to own a stake worth about £140m following the asset manager's IPO.