Q1

Neil Woodford's £13.7bn High Income fund is at risk of being expelled from the IMA UK Equity Income sector at the end of 2013 if its historic yield does not improve.

CONTRARIAN

GLOBAL

Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.

US airlines and housebuilders were among the stocks on Crispin Odey's buy list in the first quarter as the hedge fund star looks to tap into the US economic recovery.

The Japanese economy grew faster than any other G7 country in the first quarter of the year, reflecting the benefit of Prime Minister Shinzo Abe's expansionary policies.

Anthony Cross and Julian Fosh have made rare additions to their Liontrust portfolios, and Standard Life Investments' Ed Legget has bought a raft of new stocks as the shape of the UK market begins to change.

Fund group CEOs have blamed the impact of RDR for a sharp divergence between UK fund sales and those elsewhere in the world at the start of 2013.

UK dividend growth suffered a setback in the first quarter of 2013, falling 25% year-on-year, according to Capita Registrars.

ON UK INCOME