river and mercantile

River & Mercantile's Dan Hanbury has been upping exposure to stocks from the "distressed" mining sector in his £257m UK Income portfolio, in the belief they offer "compelling" value following a further slump in commodity prices.

Fund managers have been clamouring to add banks, including RBS and Lloyds, to their portfolios ahead of a rate rise from the Bank of England.

River & Mercantile Asset Management is soft closing Philip Rodrigs' UK Equity Smaller Companies fund following strong inflows during the past year.

Are fund rationalisations set to continue?

River & Mercantile's Philip Rodrigs has said there is "genuine strength" in the UK economy, which is reflected in small-cap companies extending their reach throughout the UK.

How big is too big?

Fund managers have been taking profits on Chinese A-shares after a strong run, focusing instead on H-shares to power the next leg of growth.

The launches of three small-cap investment trusts in close succession will give liquidity in the lower end of the market a much-needed boost, according to L&G's Richard Penny.

River & Mercantile saw inflows return in the first quarter of 2015, and expects a further uptick once Hugh Sergeant's latest portfolio is launched.

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