MARKET WOBBLES

Newton is to launch a Managed Income fund to retail and institutional clients, giving investors a single port of call for access to strategies run by Tineke Frikkee, James Harries, Jason Pidcock and others.

First State Asia Pacific Leaders manager Angus Tulloch has warned investors political stability in China is "increasingly fragile" in the aftermath of the Bo Xilai scandal.

European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.

Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its AUM by over £50m.

GREEK CRISIS

Official figures showing UK corporates' share of GDP is at its lowest level since 1984 cast doubt on claims that UK plc will drive the economic recovery, Citigroup analysts have suggested.

Prudential is proposing to merge three unit trusts into M&G funds run by Graham French, Alex Odd, and Matthew Vaight & Michael Godfrey in the latest review of its product range.

Threadneedle's Jim Cielinski said investors concerned about a jump in government bond yields should instead prepare themselves for a long period of financial repression.

Two top Japan equity managers are at odds over the country's prospects, with one declaring the "years of hurt are over" while the other forecasts "fiscal destruction".