Strong retail fund flows in the first half of 2012 have driven Jupiter's AUM to £23.4m, exceeding analyst expectations as the group reported net profit of £31.2m for the period.

First State Investments will no longer accept new platform business for its £5.6bn Asia Pacific Leaders and offshore Global Emerging Markets Select funds in an effort to limit inflows.

A slowing economy, poor corporate earnings and macroeconomic fears have put Brazil under intense scrutiny from investors, according to BlackRock's Will Landers.

The gearing and mid/small cap bias of Anthony Bolton's Fidelity China Special Situations trust have raised questions over its suitability for retail investors, Winterflood Securities has said.

The FTSE 100 has added 1.2% to move back towards 5,700 as global markets anticipate concrete policy action to protect the euro later this week.

Franklin Templeton has launched a Brazilian Opportunities fund targeting a total return from Brazilian equity, fixed income and currency markets.

AXA Framlington's Nigel Thomas was awarded the outstanding contribution to fund management at Investment Week's Fund Manager of the Year Awards this month after almost 30 years in the industry.

The IMA is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

Facebook shares fell 10% in after-hours trading after the company revealed a second quarter loss of $157m as revenue growth slowed.