The government has reduced its stake in RBS by 5.4%, selling 630 million shares for £2.1bn in a quick-fire sale to institutional investors.

Artemis' Alex Illingworth has said the Mid Wynd International investment trust's zero discount policy means the investment trust is effectively operating as a "semi-open" vehicle.

TIME Investments has launched a new property fund offering retail investors access to commercial freeholds.

Kames Capital has strengthened its property team with the appointment of Jim Hartley as senior asset manager.

Private equity manager Foresight Group has launched an infrastructure enterprise investment scheme (EIS), in a bid to offer investors access to energy infrastructure opportunities.

Thomas Miller Investment has launched two new bond funds, as it continues to expand its onshore range.

The Targeted Absolute Return retook its place as the UK's best-selling sector in June as investors sought reassurance in choppier markets.

Brewin Dolphin saw its funds under management fall in the last quarter after a difficult period for risk assets.

Renewed underperformance by Newton and Jupiter's UK equity income funds has seen both fall back into Sanlam Private Wealth's 'Black List' of underperforming UK dividend-focused portfolios.

Consolidator AFH Financial has acquired two more advisory firms, bringing its total acquisitions in the last year to twelve.