Europe

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.

EUROPE

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.

Henderson's Mark Harris has removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence in a market rebound.

EMERGING MARKETS

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ASSET ALLOCATION

Henderson's Mark Harris removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence of a market rebound.

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