UK Smaller Companies trusts were among the best performers last month, after the political uncertainty of the general election subsided.
Sterling has pulled back against the dollar after a second estimate of Q1 UK GDP growth failed to produce the upwards revision expected by economists.
Bank shares were clear winners in the days following the Conservatives' shock election win, and fund managers predict they have further to run. Investment Week lists funds positioned for a further rally in bank shares.
Ros Altmann has been named as the next pensions minister, replacing Steve Webb.
Investors cheered last week's election result, but an EU referendum and SNP agitators could have major implications for markets this year. Six wealth managers analyse the possible impact.
Markets have responded positively to news of a Conservative election win, but uncertainty over Britain's membership of the EU and Scotland's future are storm clouds on the horizon, according to economists and fund managers.
We look back at Steve Webb's achievements since 2010
An investment industry wish list
Activist government may target investors