With Boris Johnson due to become Prime Minister today following his victory in the Conservative Party leadership contest yesterday the financial professionals have given their thoughts.

The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

New research from Willis Owen has revealed that eight of the worst-performing UK ‘dog’ funds of 2018 experienced a “significant” rebound of up to 19% this year.

The Investment Association has today given the go ahead for exchange traded funds (ETFs) to be included in the IA sectors from next year.