UK equities

Colin McLean has taken SVM UK Active to near its maximum allowed exposure to resources firms on expectations of drilling success and M&A.

ASHBY'S ANSWERS

Bradbury on the UK

Robert Churchlow has become Legal & General Investment Management's head of active equities, replacing Mark Burgess who is joining Threadneedle.

Liontrust has begun marketing its forthcoming long-only credit fund, but has pushed back plans to launch it to the first quarter of 2011.

Aegon's high conviction UK Opportunities portfolio has outperformed UK All Companies sector since launch with focus on fundamental analysis

Witan investment trust has handed two £100m UK equity mandates to Lindsell Train and NewSmith Asset Management, after taking one of the mandates away from Henderson.

Aberdeen Asset Management continued to see investors exiting UK equities in Q2, as the group posted an overall £337m net inflow for the quarter.

ON UK INCOME

Royal London has scaled back its UK earnings forecast, following the BP oil spill, though it believes UK equities look attractive over the longer term.