FTSE 250

UK Equities

Managers and fund buyers have begun rotating out of UK mid- and small-cap stocks in anticipation of a mega-cap resurgence.

When Mike Pinggera joined Four Capital Partners, the group gave him an opportunity to create his own fund from scratch.

FUND MANAGER FOCUS

THE THOMAS REPORT

Shell and HSBC are favourite ideas in £2.7bn Investec fund as gains lag wider market.

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UK EQUITIES

Old Mutual's Richard Watts has taken positions in student accommodation and closed life assurance companies as mid-cap managers continue to ride the housebuilding and construction boom.

UK dividend payments hit a new record high in Q2, with PLCs paying out a total of £25.3bn to investors, but slowing profit growth means full-year dividends are expected to drop year-on-year.