QE

Dalton Strategic Partnership's Luca Vaiani has been forced to increase cash to over 30% in his multi-asset fund as most assets in the portfolio posted negative returns in June.

Four managers reveal their recent asset allocation moves and top picks from the EM equity space.

Sterling and gilt yields have jumped this morning after the latest Monetary Policy Committee minutes revealed Mark Carney and all other MPC members voted against more QE in July.

The Financial Conduct Authority (FCA) is looking into claims traders intentionally pushed up the price of government bonds before attempting to sell them to the Bank of England (BoE) in 2011.

A member of the Monetary Policy Committee told the Treasury today that "all of the discussions" at the Bank of England are about extending the quantitative easing programme rather than slowing it down.

MONETARY POLICY

Legal & General Investment Management's (LGIM) Richard Hodges has bought back into gilts, arguing ultra-low government bond yields are here to stay despite the recent market sell-off.

Federal Reserve chairman Ben Bernanke last night moved to quell fears there will be a quick exit from QE in the coming months, arguing the US economy is not yet in a strong enough position to halt stimulus measures.

What is it with animal similes and investors? Bulls, bears and now feral hogs, soon to be followed no doubt by lemmings and gold-plated cliff edges.

Increasing correlations between assets classes have left "no place to hide" for multi-asset managers as concerns over a tapering of US QE hit home.