The European Central Bank has made the unexpected move to cut interest rates by 25 basis points from 1.5% to 1.25%, as new president Mario Draghi moves to combat the crisis in Europe.

Skandia Investment Group have teamed up with Aspect Capital to launch a managed futures fund, targeted at high net worth individuals.

Ashmore Investment Management has expanded its SICAV range with the launch of an emerging market equity fund.

The Dow Jones shed almost 300 points in yesterday's session with sentiment knocked following Greek plans to hold a referendum on the European bailout plan agreed last week.

The UK economy grew at 0.5% in the third quarter, beating expectations, the Office for National Statistics has said.

Standard Life Investments' (SLI) Andrew Sutherland has revamped the £87m Strategic Bond fund by significantly raising his high yield exposure from 15% to 50%.

Octopus Investments has bolstered its multi-manager suite with two launches, adding a global absolute return vehicle and an emerging markets fund.

F&C manager Phil Doel adds to holdings in major income-payers like Vodaphone in UK market to support dividend on £441m portfolio.

Kyle Caldwell talks to Ian Sayers, the director general of the Association of Investment Companies, about how closed-ended vehicles can fight their way into clients' portfolios after 2012.

Octopus Investments has bolstered its multi-manager suite with two launches, adding a global absolute return vehicle and an emerging markets fund.