SVM

UK equity income managers are selling out of defensive stocks which have led the global equity rally year-to-date, warning they are approaching bubble territory.

UK RETAIL

ITs

Margaret Lawson has been snapping up "bombed out" UK retailers in her SVM UK Growth fund, as the survivors of the massacre on the high street emerge stronger and with less competition.

THE BIQ QUESTION

Neil Veitch, manager of the SVM World Equity fund, has benefited from increasing exposure to financials in the last six months, as the loosening of Basel III requirements for banks has boosted the sector.

Investment Week rounds up the most memorable quotes from our favourite (and most outspoken) industry commentators throughout 2012.

Colin McLean could relinquish control of the £136m SVM Global investment trust after the board announced it is putting the trust's management contract out to tender, with immediate effect.

ON UK GROWTH

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.