The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.
The FTSE 100 made marginal gains this morning as investors look through a tough session on Wall Street Friday, and a mixed day in Asia, to focus on an expected improvement in economic data later this week.
GKN, the UK-listed global engineering giant which features heavily in leading fund managers' portfolios, topped the list of losers on the FTSE 100 this morning after issuing a profit warning.
Hargreaves Lansdown is topping the FTSE 100 leaderboard for a second consecutive day of trading as the index starts the week in the black.
Record revenues for the last quarter have helped make Hargreaves Lansdown the biggest riser in the FTSE 100 in early trading, but the wider market has slipped back.