News

Ecclesiastical's Robin Hepworth has been adding Japan exposure to Amity International on the belief stock markets are due to recover from years of underperformance.

OPM Fund Management has bought its second reverse convertible product in two weeks, to benefit from volatility in the share prices of property companies.

PIMCO's Mike Amey is orientating his fund towards shorter-dated bonds and cash in the view they provide better reward for the risks associated with the UK economy.

Swip's head of multi-manager Mark Harries has moved his portfolios towards absolute return bond funds as investors become jittery on some parts of the fixed income market.

Economists are broadly positive on the plans announced in the emergency Budget and are scrambling to revise their own growth forecasts in light of the austerity measures.

The impact of the emergency Budget on equity markets has been obscured by the crisis in the eurozone.

SVM's managing director Colin McLean has boosted his funds' exposure to gold companies by about 2% this month, trimming European financials and basic resource stocks to finance the switch.

Axa Framlington's Nigel Thomas has boosted mid-cap exposure in his £1.6bn UK Select opportunities fund on expectations of superior growth prospects for the FTSE 250 this year.

The manager of the Newton Asian Income fund has added to its holdings in Taiwan based on the strength of company balance sheets, and expectations of strong earnings growth.

Last week both Moody's Investor Services and Fitch Ratings said the emergency Budget is supportive of the UK's AAA rating.