FTSE

Tineke Frikkee grew the dividend on the Newton Higher Income fund by 3.5% in the 12 months to 30 June despite prominent banks, and oil and gas firms slashing their dividends.

THE BIG QUESTION

The FTSE 100 index opened slightly up this morning, in a fragile recovery from yesterday's mammoth losses which saw it hurtle south of the 5,000 mark.

The FTSE 100 fell just under the 5,000 mark in early trading, down 1.44% to 4998.5, as investors reacted to falls for global markets in the US and Asia overnight.

Richard Watts has struggled to maintain performance on the Old Mutual Select UK Mid Cap fund since taking it over from Ashton Bradbury last year.

STRUCTURED PRODUCTS

A fall in mining shares on the back of drops in metal prices led the FTSE down 0.8% to 5,202.85 points in early trading.

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