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GLG UK Income

M&G Recovery fund manager Tom Dobell has said his recent poor performance is down to stock selection rather than the size of his fund.

Fund buyers seeking to move up the market-cap spectrum after a difficult year for smaller stocks say they are struggling to find funds that are overweight UK large caps.

MFM Slater Income

Schroder UK Opportunities is understood to have seen outflows totalling 30% of assets since Julie Dean resigned on 8 September and handed the portfolio to Matt Hudson.

Renewed dollar strength has led forecasters to predict a tougher time for sterling in the coming months, despite a small relief rally last week as Scotland opted against independence. Which funds could benefit?

Are active funds still worth the effort?

Schroders is winding up its UK Core fund, Investment Week can reveal, calling time on its first offering in the 'low-cost active' space after failing to gather assets in the three years since launch.

Neptune is to merge away its UK Equity fund, run by Scott MacLennan, later this year following the departure of highly rated manager Alex Breese.

Investors who held their nerve and bought in to equity markets at the bottom in 2008 have made significant returns since then as markets recovered from the financial crisis.