Argentina has defaulted on its debt for the second time in 13 years after failing to reach an agreement with a group of bondholders.

Gemma Game, manager of the £380m AXA Framlington Health fund, has resigned from the group, Investment Week can reveal.

Net retail sales of UK equity income funds hit a record high of £1.4bn last month, according to the Investment Management Association, as Neil Woodford's new fund provided a boon to the sector.

Murdoch Asset Management director Tony Dunne tells Julia Rampen why he prefers Mark Barnett to Neil Woodford, what opportunities he sees in student accommodation and why he is steering clear of the rally in Japan.

The dangers of playing the momentum game

With banks offloading assets and the Spanish stock market on the up over the past 18 months, some see now as a good time to invest in one of the biggest losers of the eurozone crisis.

Former SWIP duo Mark Harries and Simon Wood are to take over the Aberdeen multi-manager range as Aidan Kearney exits and Graham Duce moves to the multi-asset team, Investment Week can reveal.

Outflows from the Invesco Perpetual Income and High Income funds since news of Neil Woodford's departure have reached 30% of assets - but the launch of his rival fund was seemingly not the major blow some expected.

Marlborough Fund Managers is to overhaul its US equity fund and rename its European equity offering to emphasise its focus on multi-cap investing.

Jupiter's Merlin multi-manager team have added Neil Woodford's equity income fund to their portfolios as they back the manager's new project from launch.