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Architas is increasing exposure to UK stocks across its multi-manager range, awarding mandates to Majedie Investments and TT International.
The price of UK 10-year government bonds stayed higher after the country's growth forecast for the year was slashed from 2.1% to 1.7% in George Osborne's Budget.
Global markets have been boosted by news of a ceasefire in Libya, rising oil prices and intervention by the G7 nations to suppress the value of the yen.
Fund managers warn Japan could take a short term hit to GDP following last week's earthquake and tsunami, but they are less concerned about the longer-term impact on the country's fragile economic recovery.
Japan's stock market lost almost 7% after its first full day of trading following the earthquake and tsunami that struck the country on Friday.