The leadership of global economic growth has shifted to emerging markets, especially those in Asia, according to Invesco chief economist, John Greenwood.

Schroders Simon Webber warns a failure to reach agreement at the UN climate change conference could impact carbon intensive industries such as steel.

London markets have advanced strongly this morning on news Abu Dhabi is to bailout heavily indebted neighbour Dubai.

HSBC Global Asset Management will merge its £26m American Growth fund into its £99m American Index portfolio following the former's struggle to outperform its benchmark.

F&C has been replaced as manager of the £290m Foreign & Colonial Eurotrust following prolonged underperformance.

The LV= UK Property fund has spent more than £30m on new assets, including a portfolio from NFU Mutual Insurance Society.

Fund managers believe the outlook for clean technology stocks is increasingly positive following the US Environmental Protection Agency's declaration carbon dioxide is dangerous to human health.

Japan's newly elected Democratic Party has agreed a ¥7.2trn (£48bn) stimulus package to prevent the country's economy sliding back into recession.

Fund managers are cautiously optimistic about the outcome of the UN climate change in Copenhagen, though there is recognition any binding agreement will not materialise until the end of 2010.

Industry veteran Piers Denne has been hired by alternative investment boutique Future Capital Partners (FCP) to head up its new business development strategy.