FMF

S&P Capital IQ has launched a grading system for ETFs that will treat passive funds as a separate asset class.

Fidelity‘s Allan Liu has said performance on the £2bn South East Asia fund has been hit by exposure to mid-cap stocks.

German chancellor Angela Merkel has again ruled out the creation of jointly-issued eurozone debt ahead of a crucial summit in Brussels this week.

BlackRock's head of UK fixed income, Ian Winship, is shorting gilts as yields have hit lower levels than those seen during the Great Depression of the 1930s.

J.P. Morgan Asset Management is to incorporate risk-ratings into three of its multi-asset funds ahead of RDR.

J.P. Morgan has created a $100bn new multi-asset unit which will see a restructure of the firm's global fixed income team.

Spanish 10-year bond yields have dipped back below 7% today, as investors eye an expected stimulus package from the US Federal Reserve, and with sentiment lifted after Greece managed to form a new government.

Governments across Europe are set to buy Spanish and Italian bonds through two European rescue funds, a move the ECB hopes will send a signal to financial markets that Germany is behind the eurozone.

PIMCO's Bill Gross is wary of German bunds, saying there are few scenarios which they can do well and eurozone turmoil is hurting German balance sheets every day.