Multi-asset

ON ASSET ALLOCATION

UBS Multi-Asset Income fund manager David Buckle has cut back portfolio weightings to equities and property and moved into corporate bonds and high yield.

Government bonds are unlikely to deliver strong returns in a low interest rate environment going into next year, warns Jupiter CIO John Chatfeild-Roberts.

Aviva Investors has received shareholder approval to merge the assets of the International Property fund, formerly Henderson International Property, into the Aviva Investors European Property and the Asia Pacific Property funds.

Richard Philbin, chief investment officer (CIO) of Axa Architas, is leaving the company at the end of the year to be replaced by deputy CIO Caspar Rock.

J.P. Morgan is considering the launch of a global mining fund for resources manager Ian Henderson in the first quarter of next year.

SECTOR ANALYSIS

ASSET.TV INTERVIEW

ON ASSET ALLOCATION

Skandia Investment Group (SIG) has cut an £8m mandate run by Gartmore's Ben Wallace from its £62m UK Strategic Best Ideas fund, pointing to "disappointing" returns.