Fund managers generated record net inflows in 2009, driven by strong investor demand for emerging markets.

Sarasin's Daniel Briggs has reduced sterling and euro exposure in the £231m GlobalSar IIID fund over concerns for public sector deficits.

Allianz Global Investors has received shareholder approval to convert its Global Equity vehicle into its first multi asset Oeic.

Royal London Asset Management head of sales Stan Bland has resigned to pursue other interests.

The Dow Jones has opened more than 1.2% higher in early trading as investors reacted positively to signs Greece could get help from the European Union.

The FTSE 100 opened flat Tuesday after a slump in financial stocks sent the Dow Jones to its first close below 10,000 in three months.

Royal London's David Varley is maintaining his fund's overweight in Toyota Motor Corp.

Aviva Investors recorded net inflows of £0.9bn over the twelve months to 31 December 2009.

Net retail sales reached their highest level on record in 2009, up 45% on their previous best performance, according to the IMA.

The FTSE 100 opened slightly down, dipping 0.02% or 0.84 points to 5,246 in early trading, as BP posted worse then expected fourth quarter results.