The early success of the active ETF version of Bill Gross' PIMCO Total Return fund does not yet herald a step change in the exchange-traded market, according to Vanguard's global head of ETFs.

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

Berlin is to sell up to €5bn of two-year Schatz notes (treasury notes) at auction today with a 0% coupon, as investors' flight to safety gathers pace and heightens 'market dislocation'.

Stubbornly high developed world inflation is providing investors with an opportunity for diversification, according to Fidelity's Andy Weir.

The Court of the Bank of England has commissioned reviews into the Bank of England's provision of liquidity to the banking system during the financial crisis and its forecasting abilities.

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Equity market sentiment is still too positive to represent a real buying signal for investors, who would be better served by holding back their cash for now, boutique RMG Wealth has said.

Sterling has fallen against the dollar today after a dovish quarterly inflation report from the Bank of England cut growth forecasts and left the door open to further QE.

Butterfield Bank's David Stewart has been named as CIO at Santander AM following the departure of John Berman, who is moving to a similar position at Thomson Miller Investment.