Reits

Global real estate investment trusts trading on huge discounts are offering value but liquidity remains low, said the managers of First State's Global Property Securities fund.

FUND MANAGER FOCUS

PROPERTY

An oil and gas overweight has been the biggest driver of outperformance for the £99m J.P. Morgan Smaller Companies investment trust over the past year.

Invesco Powershares has agreed an exclusive deal with Keefe, Bruyette and Woods (KBW) for four financial services indexes.

ETHICAL

Schroders' Matthew Dobbs has taken his fund's Singapore weighting from 10% to 20% since May, as prices have become more attractive.

U.S.

Conjecture

ASSET ALLOCATION