Baillie Gifford has announced a series of changes to its retail sales team ahead of Ken Edwards' retirement in February 2011.

FUND MANAGER FOCUS

Investec's Alastair Mundy is continuing to hold Norwegian bonds and gold in his £1.56bn Cautious Managed fund to protect investors should the efforts to stabilise the financial system eventually fail.

The amount of inflows into emerging market bond funds in 2010 has already overtaken the figure for 2009.

Colin Beveridge, investment director in the international equities team at Swip, is the second person to leave the Global Growth fund without a manager in a year.

SECTOR ANALYSIS

RWC Partners is set to launch two income funds for the trio of managers it poached from Schroders.

Aegon's high conviction UK Opportunities portfolio has outperformed UK All Companies sector since launch with focus on fundamental analysis

Leigh Harrison and Simon Brazier, the co-heads of UK equities at Threadneedle, have turned positive on the UK stock market despite forecasting GDP growth less than consensus expectations.

UK blue chips saw their shares decline this morning following falls in the US and Asia overnight.