Asian and emerging markets have been a key driver of performance for the Threadneedle Global Equity Income fund since its 2007 launch, as the Western dividend culture spreads into the developing world.

Investment guru Jim Rogers has criticised Federal Reserve chairman Ben Bernanke's decision to launch a second wave of QE in the US, saying he "does not understand economics".

We round-up industry reaction to the Federal Reserve's announcement it will pump a further $600bn of stimulus into the US economy.

Former Threadneedle managers Peter Allwright and Stuart Frost have taken over management of the RWC Cautious Absolute Rate and Currency fund.

Investec Asset Management has broadened the benchmark of its flagship Managed Currency fund to increase emerging market exposure.

CURRENCY VIGILANTES

Germany has agreed to give the EU's €440bn (£383bn) bail-out fund permanent status rather than letting it expire in 2013 as planned.

Commerzbank is making its derivatives capabilities available via a retail portfolio for the first time, with the launch of the Commerzbank China Volatility Target fund.

Standard Life Investments is planning to launch a fixed income version of its popular Global Absolute Return Strategies (GARS) fund.

Brevan Howard's Philippe Lespinard is joining Schroders in the newly created role of fixed income chief investment officer.