UK equity manager Nick Train said his holdings in fund managers will remain "extraordinarily profitable", despite a squeeze on headline fund pricing from distributors.
Shares in Investec were down sharply today after the company said earnings could fall by as much as 10%, amid a tough time for its specialist banking arm in the UK.
Fund managers are facing pressure to buy high risk assets in order to meet their funds' targets in an environment of falling equity volatility.
UK equity income funds are nearing single stock limits on key holdings, causing concentration risk fears to mount, but which funds are taking the biggest bets?
Richard Plackett has bought back into UK banks for the first time since the financial crisis in his BlackRock UK Special Situations fund as the sector begins to show signs of improvement.
UK equity markets have got off to a flying start this year, with the FTSE All Share and FTSE 100 both enjoying double-digit returns, but which stocks have stood out?