Axa Framlington

Managers and fund buyers have begun rotating out of UK mid- and small-cap stocks in anticipation of a mega-cap resurgence.

SECTOR REPORT

Psigma Investment Management (PIM) has bought Axa Framlington's private client business, subject to regulatory approval which is expected in September.

As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.

HOT MONEY

SECTOR REPORT

FIVE THINGS

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

TOP PERFORMERS

FIVE THINGS