Investment Trusts

Schroders' Matthew Dobbs has taken his fund's Singapore weighting from 10% to 20% since May, as prices have become more attractive.

INVESTMENT TRUSTS

Aberdeen has raised £52m for its Latin American Income fund which starts trading on Monday.

Minority shareholders in F&C Commercial Property trust (FCPT) have rejected a proposed takeover by Ignis-managed UK Commercial Property trust (UKCPT) to create a £1.6bn vehicle.

First State has overhauled the £142m Pacific Assets Trust it recently took over from F&C, selling all but five of the existing stocks.

Private equity positions were the largest positive contributor to the Foreign & Colonial investment trust in the first half of the year, helping to offset the effects of BP's dividend suspension.

J.P. Morgan has raised £104m for its new Global Emerging Markets investment trust.

The Witan investment trust has handed a £120m pan-European mandate to Marathon Asset Management.

INVESTMENT TRUSTS

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.