FTSE

Europe ex UK sector sees outflow of £126m as retail investors turn away from region

The FTSE 100 was up 0.74%, or 38.31 points, at 5201.99 in early trading, with mining stocks the biggest winners.

ASSET ALLOCATION

UK equity managers remain bullish on the markets and expect up to 15% FTSE growth in the second half of the year despite weeks of sharp volatility.

The FTSE 100 had a strong start to the day, up 1.15% to 5095.78, despite weaker news from the US overnight with the Dow closing below the 10,000 mark.

Miners helped the FTSE advance more than 80 points after three hours' trading Wednesday as fears Europe's debt crisis could hamper global growth softened.

Retail investors pull money out of UK All Companies but strongest managers in the group continue to deliver

PSigma is taking an increasingly cautious house view in both its investment management and asset management divisions in the face of volatile markets.

Fidelity's Sanjeev Shah has been able to limit the downside on his £3.12bn Special Situations fund during the strong stock falls over the past month by using put options on the market.

COLLINGS' CORNER