This week David Thorpe, contributing editor on FTAdviser, is joined by Matthew Yeates, deputy chief investment officer at 7IM, and Dave Baxter, funds editor on the Investors' Chronicle.

They discuss why a "changing tide" in manufacturing is the reason Matthew has moved underweight equities, and why he has been sceptical about US equities in particular for a while.

Matthew also explains why he's keen on market neutral funds amid the bond sell-off seen this year - even though he doesn't see them as a panacea.

The Asset Allocator Podcast is a fortnightly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.

The Asset Allocator Podcast discusses the big issues in UK fund selection and how wealth managers are positioning their portfolios. Sign up to the newsletter.

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