F&C Global Growth fund manager Terry Coles is joining Newton's global equities team in September.

Allianz RCM is to launch its Brazil fund on 7 October, with commodity extractors and domestic consumption stocks expected to play key roles in the portfolio.

Rathbones head of multi-asset David Coombs has bought into the Barings German Growth trust in the view German equities are the only attractive shares in Europe.

UK equity income managers say companies are beginning to pay dividends again, despite research forecasting a decline in UK dividends of 6.5% this year.

OPM's Tony Yousefian has increased exposure to gold within his multi-manager portfolios in the expectation that the gold price will rise a further 11% this year.

Neil Gregson is cutting exposure to gold mining stocks in the City Natural Resources High Yield trust as he sees better value in base metal miners.

Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

Cazenove's head of multi-manager Marcus Brookes has increased the cash weighting in his £467m Multi-Manager Diversity fund of funds, and bolstered its exposure to managers uncorrelated to mainstream markets.

Jeremy Gleeson is tilting Axa Framlington's Global Techfund towards the mid- and small-cap arena where he is seeing a wider range of growth opportunities.

The FTSE 100 regained some of the ground it lost today in late trading, but still closed down 0.8% lower at 5,211 points.