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ONE TO WATCH

PASSIVE INVESTING

By definition, the Premier League is a meritocracy, because the best team finishes top, the worst ends up bottom, and it is purely measured on performance.

UK equities dipped this morning after closing at a 14-year high yesterday, with falls in commodity markets hitting miners.

AXA Framlington UK Mid Cap manager Chris St John has said now is a "good time to be cynical" as signs emerge of increasingly bullish activity in markets.

PROPERTY

GLG has handed its flagship UK equity income fund to ex-Matterley manager Henry Dixon after poaching him at the end of last year.

AIM

INVESTMENT TRUSTS

GLG has launched a mirror version of Henry Dixon and his ex-Matterley colleagues' Undervalued Assets fund, after poaching the team in September.