Vanguard Asset Management has launched its first UK exchange-traded fund range with a five-strong offering of physical ETFs.

AXA IM has promoted Henry Lowson to become lead manager of its £54m AXA Framlington UK Smaller Companies fund.

Richard Saunders, chief executive of the Investment Management Association, is to step down at the end of 2012.

Neptune has named Andy Larkin as head of strategic partners as it restructures its sales team following the departure of John Lester.

US markets have fallen to three-month lows during trading today as the eurozone worries that resurfaced last week show little sign of subsiding.

Fund groups are scrambling to develop risk-rated propositions ahead of the RDR deadline at the end of this year, with major houses including Jupiter planning how to enter the space.

BlackRock has promoted Ben Edwards to co-manage its Corporate Bond fund alongside Simon Blundell.

Standard & Poor's has said a ‘perfect storm' may be brewing in corporate credit markets if a global economic downturn combines with credit rationing to thwart corporations' $46trn refinancing needs.

America Movil, the telecoms firm owned by Mexican billionaire Carlos Slim, is seeking to up its stake in Dutch company KPN as a starting point for expansion into Europe.

RUSSIAN EQUITIES