F&C

Mirabaud Asset Management has poached AXA Investment Management's Anu Narula to run a new global equity portfolio.

Investors should be cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.

Mirabaud Asset Management has recruited Fatima Luis has joined Mirabaud Asset Management as a senior high yield specialist to work alongside recent hire Andrew Lake.

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

ON ASSET ALLOCATION

UK equity income managers are selling out of defensive stocks which have led the global equity rally year-to-date, warning they are approaching bubble territory.

F&C Asset Management has reported a £1.5bn net outflow for the first quarter of 2013 as strategic partner withdrawals offset improved retail flows.

F&C Investments' Jeremy Tigue has taken UK exposure in his £2.6bn Foreign & Colonial investment trust to a 30-year low on fears the UK is lagging behind other markets in the dividend stakes.

GLOBAL

F&C Investments is planning to launch a global small-cap equity fund for Catherine Stanley next month, filling a gap in its smaller companies product range.