PIMCO has launched a Global Multi-Asset fund for chief executive Mohamed El-Erian.

Two of the largest investors in emerging market debt have denied a liquidity crisis is on the horizon despite major outflows and a sell-off in recent weeks.

Leading UK asset managers have warned against the implementation of a new tax, which could be imposed Europe-wide on all financial transactions.

The European Commission has proposed a tax on financial transactions to help fund the cost of the eurozone rescue package which could see investors in UCITS fund being hit with a triple blow.

Asian markets as a whole will not begin to outperform until the European debt crisis is resolved, but consumer stocks in China will serve investors well, according to JO Hambro Capital Management's Paul Wimborne.

Shares in Man Group have fallen over 20% this morning as the investment manager warned of a $6bn contraction in funds under management in Q3.

Markets have broken their three-day rally this morning, forced down by concerns some countries will be forced to take larger writedowns on Greek bonds.

Emerging economies would face a systemic crisis if foreign investors, who own one-third of EM local currency debt markets, begin to pull out their cash, fund managers have warned.

Invesco Perpetual's Mark Barnett has warned the present financial crisis is worse than the turmoil seen in 2008 when Lehman Brothers collapsed.

The UK is heading for zero average GDP growth over the next five years, according to the chief strategist at Arbuthnot Securities.