US banks with Wall Street operations are bracing for a slump in trading profits this year after the third quarter got off to a poor start, with global economic uncertainty and Europe's sovereign debt woes leading to a slowdown in market activity in July....
Managers find returns in notoriously turbulent Japan sector, with Nathan Gibbs' Schroders Japan Alpha Plus fund outperforming in rising and falling markets
Royal London's David Varley says growth in Japan will be largely driven by external factors, notably China's economy, for some time to come.
Ecclesiastical's Robin Hepworth has been adding Japan exposure to Amity International on the belief stock markets are due to recover from years of underperformance.
The manager of the Finsbury Worldwide Pharmaceutical trust believes companies manufacturing generic medicines will continue to outperform the pharma giants.
Gartmore's John Stewart has turned to defensive stocks and opened up short positions in cyclical sectors within the Japan Absolute Return fund following the market's poor performance.