Europe

EUROPE

GERMANY

Aberdeen's multi-manager team has boosted exposure to Europe and Asia across its equity portfolios in the past few weeks after reducing its US allocation.

Jupiter Financial Opportunities co-manager Guy de Blonay has moved a significant amount of the fund's large cash weighting back into the markets, particularly the Far East.

Rathbones head of multi-asset David Coombs has bought into the Barings German Growth trust in the view German equities are the only attractive shares in Europe.

Bond managers have largely dismissed Friday's highly-anticipated European bank stress tests as a non-event, with the markets similarly showing a muted response in early trading.

Australian bank Macquarie expects some European banks to fail Friday's stress tests.

Ignis is eyeing the launch of its first internal retail fund since 2007 with an absolute return bond mandate for its rates team.

GREETHAM'S GOSPEL

AGRICULTURE