Research and investment house GaveKal Investments has launched a new fund for sophisticated investors that targets capital growth by moving long and short of equity market indices.

Jupiter is lining up a standalone global equity income vehicle after it was forced to shelve plans to convert its European Income fund into a global offering.

INDIA

The FTSE 100 has shed almost 2% after US employment numbers for March came in well below expectations.

The management team of Indian equity specialist Ocean Dial Group (ODG) have agreed to buy out the business from its parent company Caledonia Investments.

Skandia is to add clean share classes to its platform following HM Revenue & Customs' decision that rebates to customers are taxable.

Fidelity is to restrict inflows into Alex Wright's UK Smaller Companies fund in an effort to preserve performance.

The Bank of England has opted not to implement further quantitative easing and held interest rates at 0.5% for the 49th consecutive month.

With Japan having announced a long-awaited programme of aggressive easing policies this morning, Artemis Global Select manager Simon Edelsten details four myths about investing in the country.

M&G has cut its position in St James's Place (SJP) after majority shareholder Lloyds sold down its own stake in the wealth manager.