Equity Income fund managers are yet to warm to the tobacco sector, despite a strong 2014 for stocks driven by M&A and their defensive qualities.

Legg Mason's CEO tells Investment Week about his ambitious plans for Martin Currie after finally securing a deal the US giant had been chasing "for years".

Multi-asset and equity products have driven net intermediary inflows of £3.8bn for Schroders in the first half of 2014, prompting a 50% hike in the group's interim dividend.

Multi-asset investors have been upping their cash allocations as fears of a market correction escalate and safe-haven opportunities in other asset classes dry up.

Standard Life Investments has recruited a manager from SWIP to run its European Smaller Companies fund, raising questions over whether Ignis' Ian Ormiston will make the move to SLI.

BlackRock has soft-closed its European Opportunities Extension fund at £540m to protect investors.

Funds from Schroders, Jupiter, and Henderson Global Investors are dominating Chelsea Financial Services' new ratings service, FundCalibre.

The Financial Conduct Authority (FCA) has issued a fresh warning to consumers about the risks of investing in corporate bond funds.

Royal Bank of Scotland shares rocketed this morning after the bank said it expects a big jump in profits in H1.

Emerging market equities are hovering near highs last seen in January 2013, after China posted stronger-than-expected economic data.