Equities

Barings' Agnes Deng is increasing exposure to Chinese banks within the £2.5bn Hong Kong China fund as valuations fall to levels last seen during the banking crisis.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Am I the only one to have noticed many investors seem to be using heightened uncertainty to suggest a new moral order should prevail?

WHY THE MARKET IS OVERSOLD

F&C's Ted Scott said if UK equities dive a further 5% they will be worth stockpiling, despite the risk of a double-dip recession.

The FTSE 100 has entered bear market territory, having now fallen 20% from recent highs after the index lost as much as 5% in early trading on Tuesday.

FIVE OF THE BEST

Aberdeen Asset Management has seen its asset base grow by 2.5% to £185.8bn as outflows slowed.

Barings' Andrew Cole has slashed the equity weighting on his £28.1m Multi Asset fund by 15% in favour of government bonds as his team becomes increasingly risk averse.

Angelos Damaskos, manager of the £54m Junior Oils Trust, has bucked the trend to move defensive over the summer by increasing his equity exposure by 20%.