Peer group sees £8.5m outflow in May as three-year numbers disappoint, but average fund up 20.7% over one year
Pressure is mounting on absolute return managers to deliver what they promised investors - returns in all market conditions - as funds posted losses in the past year.
Retail investors pull money out of UK All Companies but strongest managers in the group continue to deliver
Colin McLean expects to see more companies issuing bonds directly to retail investors.
While it is undoubtedly premature to prepare the obituary for European monetary union, the financial downturn of the past few years has mercilessly exposed its inherent flaws.