Japan

Gold suffered largest drop in sentiment

Strategists, asset allocators and fund managers reveal their best ideas for the months ahead as the second half of the year begins in earnest.

Pictet Asset Management has upgraded its European exposure to a full overweight, following the resolution of a Greek bailout deal and positive expectations for future earnings.

The IA Japan sector is home to the most consistent fund performers over the past three years, according to the latest research by F&C's multi-manager team.

The board of the Fidelity Japanese Values trust has appointed Nicholas Price, who currently runs a number of the group's Japanese funds, as its new manager.

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

First State is to launch three new Asian equity funds, following the split of the First State Stewart team earlier this year.

Managers' best ideas from across the globe