Equities

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Neil Woodford's new fund is a focal point of investor interest at the moment, but those looking to diversify their UK equity income exposure have a number of alternatives.

Where did the smart money go in May?

Confidence in the UK economy has hit a post-crisis high despite soaring valuations pointing towards a correction, according to the FT.

Aberdeen Asset Management has migrated all Scottish Widows Investment Partnership-run active equity funds and mandates, with the team that ran them at SWIP exiting the combined business.

Neil Woodford has been handed a mandate on Skandia's WealthSelect range, likely in the region of hundreds of millions of pounds, with the platform also getting access to the manager's 65bps share class.

Markets were mixed overnight after European Central Bank president Mario Draghi revealed he was cutting interest rates, including a move to a negative deposit rate.