UBS Global Asset Management has launched a US equity tracker with an ongoing charge figure (OCF) of 9bps to compete with established product providers.

The high yield bond sector saw its worst third quarter for three years, but the sharp falls are a good entry point for investors, according to Legg Mason affiliate Western Asset.

Kames Capital has appointed former SWIP global equities manager Craig Bonthron to its global equities team.

Multi-asset managers are reducing their UK equity positions on fears next May's general election could hit sterling and weigh on valuations.

Andrew Fleming, former CEO of Kames Capital, will replace the retiring chairman of the JP Morgan Japanese investment trust next month.

Liontrust Asset Management's profit before tax more than doubled in the six months to the end of September as the group continues to post inflows into its funds.

European exchange traded funds (ETFs) have enjoyed a record year for net inflows, taking in $56.2bn by the end of October, according to consultancy ETFGI.

The US economy added 214,000 jobs last month, less than forecast by economists but widely viewed as a sign of a continuing recovery.

The Tenax Absolute Return Strategies fund, run by Church House Investment Management, was launched just before the financial crisis of 2008, but it has held up well during the subsequent market sell-offs because of its cautious approach.

Rathbones Unit Trust Management's multi-asset team has allocated to a China equity fund for the first time since the inception of the strategy in 2010.