Europe must focus on growth as well as cutting spending to reduce national deficits, US Treasury Secretary Timothy Geithner says.
Europe ex UK sector sees outflow of £126m as retail investors turn away from region
Sarasin managing partner Guy Monson has been orientating to take advantage of the weakening euro in his global multi-asset fund.
Royal London has scaled back its UK earnings forecast, following the BP oil spill, though it believes UK equities look attractive over the longer term.
Boutique manager RWC Partners is to launch a Ucits III pan-European equity fund next month as the group continues its push into the retail market.
Gartmore's John Stewart has turned to defensive stocks and opened up short positions in cyclical sectors within the Japan Absolute Return fund following the market's poor performance.