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.