JO Hambro Capital Management's Clive Beagles has blamed an underweight in defensive stocks for the underperformance of the £2.7bn UK Equity Income fund last year but said he refuses to invest in "bond lookalikes".
Energy stocks have built on Monday's rise in early trading today, pushing up the FTSE 100 by 1.2%, as the oil price continues to regain ground.
Royal Dutch Shell is planning to slash its spending by $15bn over the next three years, following a collapse in the oil price.
Dividends from UK firms last year grew at the slowest rate since 2010 as the strong pound continued to weight on payouts.
Simon Gergel, manager of The Merchants trust, explains why he is finding opportunities in mega caps and specific recovery situations.
Star managers, body language, and the oil price panic
The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.
Nigel Beidas, co-manager of the Marlborough Extra Income fund, takes a closer look at headwinds and tailwinds for UK companies.
AXA's Nigel Thomas has increased his interest in Shell, despite many oil names being rocked by a 30% fall in spot prices this year.