Old Mutual's Stewart Cowley and LGIM's Richard Hodges have reversed their short duration stances and removed their treasury short positions as the flight to safety pushes yields to record lows.
Legal and General multi-manager Alan Thein has boosted his gold exposure in anticipation of a 30% re-rating in the commodity.
A quartet of top asset allocators reveal their favourite US funds.
Legal & General Investment Management (LGIM) achieved record profits for 2010 after growing funds under management 12%.
The FTSE fell in early trading in reaction to losses on Wall Street overnight and a weak opening in European markets.
L&G has reported its IFRS operating profits grew 34% to £542m for the first half of the year, helped by its strong investment and international arms.
Legal & General Investments economist Tim Drayson believes US growth remains fragile and its fiscal position unsustainable due to a gaping budget deficit.
The FTSE climbed 0.9%, or 49 points this morning, boosted by British Airways and mining stocks.
L&G UK Property UT remains top quartile over one and three years since launch