Sterling rose against the US dollar in morning trading after the second reading of the UK's economic growth rate confirmed an increase of 0.8% in the third quarter, in line with analysts' expectations.

Kames Capital plans to launch its first ever Property Authorised Investment Fund (PAIF) for retail investors in the first quarter of the coming year.

US fund manager GAM has liquidated its underperforming GAM Star GEO fund run by Paul Udall after assets dwindled to under £10m.

Rathbones' veteran income investor Carl Stick on price risk, asset quality, and the importance of protecting on the downside.

Ignis Asset Management has launched an Absolute Return Emerging Market Debt fund for Dan Beharall in a move to expand its absolute return product range.

ONE TO WATCH

Aberdeen's chief executive Martin Gilbert has committed the fund group to competing on a global scale after it secured the takeover of Scottish Widows Investment Partnership (SWIP) in a deal worth up to £650m.

Strategic bond managers are taking short-term positions in emerging market debt after the summer sell-off brought valuations back down to attractive levels.

The Financial Conduct Authority is reviewing gold benchmarks as part of a probe into how global rates are set, according to reports.

Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.