Investors are selling out of high yield corporate bonds at the fastest rate in almost five years as nerves over sovereign debt creeps into other credit markets, the Financial Times reports.

The FTSE was up 40.81 points (0.84%) to 5,185.53, buoyed by news of a tie-up between British Airways and American Airlines.

J.P. Morgan Natural Resources fund manager Ian Henderson has cut his weighting in gold after noting global economic improvements.

Manager anticipates intense money printing as Japanese government launches quantitative easing measures

HSBC Global Asset Management's Guy Morrell believes property fund investors should diversify to include exposure to overseas markets.

Baring Emerging Markets fund manager Paul Wimborne has reduced his weighting in Brazil in favour of the cyclical growth on offer in South Korea.

Gartmore's Roger Guy and Guillaume Rambourg have delivered returns of more than 10% since launching the European Absolute Return fund a year ago.

Piers Hillier has joined LV= Asset Management as chief investment officer.

Gartmore's John Bennett believes the long-haul recovery will favour technology and healthcare sectors alongside specific stocks able to deliver above average growth.

JPMorgan Emerging Markets Alpha Plus fund manager Christopher Morrell is set to leave the group.