Investment trust analysts have warned arbitrage activity will be rife in 2012 and could lead to a number of wind-ups in the sector this year.

The FTSE 100 had fallen from its six-month high by mid afternoon, with investor sentiment taking a knock from the latest stumbling block in the Greek debt talks.

Fidelity is set to expand its multi-asset fund range with the launch of the Multi-Asset Income fund for managers Richard Skelt and Eugene Philalithis.

The Bank of England is expected to pump another £50bn of quantitative easing into the UK economy today, in a bid to tackle the latest downturn.

Neptune has outlined the underweight and overweight sector positions driving its Global Long/Short Sector fund, three months on from launch.

Skandia Investment Group (SIG) has removed Aviva Investors' Julius Lipner from its UK Strategic Best Ideas fund, amid uncertainty over the group's retail future.

Schroders is launching a strategic bond fund for former GLG fixed income star Gareth Isaac and head of global macro Bob Jolly.

Income investors enjoyed a bumper year in 2011 as dividends from UK-listed companies hit an all-time high, surging 12.8% to £67.8bn.

Fund management groups and analysts have warned new dividend rules for investment trusts could see shareholders lose out as portfolios become less tax efficient.

Barclays Capital has launched an onshore version of its RADAR fund, as first revealed by Investment Week last December.