Shell and HSBC are favourite ideas in £2.7bn Investec fund as gains lag wider market.
The Financial Conduct Authority (FCA) has written to banks urging them to speed up their review of how interest rate hedging products were sold.
European equity funds focusing on value stocks have posted almost double the returns of their growth-oriented rivals this year, as cyclical companies and the European periphery outperform quality growth plays.
HSBC shares are leading the FTSE 100 today, after the bank reported pre-tax profits grew by almost a third in Q3.
HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.
Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.
The five major UK banks all recorded a profit in the first half of the year for the first time since 2010, a report has found.