ETFs turn 25 years old

Small-cap boutique Montanaro is offering seed investors the opportunity to allocate to its Equity Income fund at a zero management fee until it reaches £100m in size.

Shares in TSB Banking Group have soared after news emerged it is in takeover talks with Spanish bank Sabadell.

The FTSE 100 index fell sharply on Tuesday in its worst day of 2015 so far, as energy stocks plummeted on the back of further falls in the oil price.

Vanguard's Australia director John James is to take over its UK and European operations to replace Thomas Rampulla, who will return to the group's US office.

BlackRock has cut fees on its FTSE 100 ETF to just 0.07% as the price war among passive product providers continues.

Platform inflows reached record highs in the fourth quarter of 2014 as upcoming pension freedoms and demand for income boosted inflows, according to Fundscape.

The European Central Bank may be forced to buy investment grade corporate debt in an expansion of its QE programme, according to M&G fixed income manager Richard Woolnough.

ETF provider iShares has temporarily cut fees on its ultra-short bond range in response to client demand for cash alternatives.

Wealth managers are reducing their exposure to hedged share classes in their Japanese fund holdings, in the belief that further yen depreciation now looks less likely.