Osmosis Investment Management has launched a global resources fund, investing in large-cap global businesses.

Old Mutual Asset Managers' head of fixed income Stewart Cowley has predicted a sterling crisis could unfold if the coalition government relaxes its austerity drive.

The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.

Paul Feeney, chief executive of Old Mutual Wealth Management, said the firm is aiming to become the number one wealth manager in the UK, following its merger with Skandia.

Over the past year just eight ethical funds have managed to beat the FTSE All Share index, according to IFA firm Barchester Green Investment.

SRI

The UK's main inflation rate has fallen to 2.2% in September from 2.5% in August, dropping to its lowest level for three years.

MAM Funds has upped its stake in Colin McLean's £146m SVM Global investment trust, fuelling speculation of impending corporate action by its shareholders.

European markets have made steady gains throughout the day, fuelled by reports Spain will ask the eurozone for financial aid next month.

A number of leading asset managers have introduced premium prices on popular products and specialist mandates ahead of the move to unbundled pricing next year.