Artemis' new Global Equity Income fund will have the ability to go short and is set to launch with strong exposure to the US and Europe.

Britain's high street saw a marked improvement in sales volumes in May, according to the British Retail Consortium and KPMG's Retail Sales Monitor.

Ex-New Star managers Phil Roantree and Stephen Whittaker are to launch an income fund through their new venture, Querns Asset Managers, seeding it with £5m of their own money.

J.P. Morgan is preparing to launch a Global Emerging Markets Income investment trust at the end of July for CIO and head of emerging markets Richard Titherington.

Indian asset management firm Kotak Mahindra has launched an India Mid-Cap fund into the UK retail market.

Annual inflation in the Organisation for Economic Co-operation and Development (OECD) area remained stable in April at 2.1%, although food and fuel prices rose.

UK equity managers remain bullish on the markets and expect up to 15% FTSE growth in the second half of the year despite weeks of sharp volatility.

Skandia has handed a £50m European equity mandate to Dirk Enderlein at Wellington Asset Management.

Cavendish Asset Management has added two UK equity funds to its four-strong product range.

American Select fund manager says his team has been surprised by how well the world's largest economy has done over the past six months