Equities

CONTRARIAN INVESTOR

Aberdeen co-heads of multi-manager Graham Duce and Aidan Kearney have been building up cash across their MM range on expectations of near-term pressure for equity markets.

Former Liontrust managers Jeremy Lang and William Pattisson are aiming to launch three absolute return funds in October.

The FTSE 100 has fallen 0.3% or 16 points to 5,413.5 in early trading after America's Federal Reserve said overnight there were "widespread signs of deceleration" in the US economy.

Sarasin's Mark Whitehead has increased his fund's long equity exposure from 40% to 60% since July, attracted by low valuations and a strong Q2 reporting season.

Bearish Société Générale strategist Albert Edwards has warned equities face a "bloodbath" and predicts government bond yields will fall even further.

GERMANY

BlackRock veteran Bob Doll predicts the US stock market could achieve annualised returns of 8% over the next decade.

The FTSE edged slightly higher this morning, buoyed by upbeat earnings announcements from AstraZeneca and BAE Systems.

F&C Global Growth fund manager Terry Coles is joining Newton's global equities team in September.