Investors looking at asset managers' shares should be buying into Jupiter, Schroders and Aberdeen this year, as major acquisitions and RDR continue to benefit the three businesses, according to JPM Cazenove analysts.
Former F&C marketing head Tracy Fennell has joined Royal London Asset Management (RLAM).
F&C has launched a global real estate securities fund, managed by Alban Lhonneur and Marcus Phayre-Mudge.
Potential interest rate rise in 2014 could prompt flight from fixed income into commercial property.
Wealth managers continue to hold UK small-cap funds instead of taking profits and rotating into the larger end of the market, predicting a rise in M&A activity will boost the sector.
F&C has hired Sarasin's Robert Thorpe as head of consumer.
F&C Investments is planning to launch a fifth fund in Gary Potter and Rob Burdett's risk-targeted Lifestyle range.