Fidelity has launched an onshore OEIC version of its $700m Emerging Asia fund, run by Teera Chanpongsang, after three years of outperformance from the offering.

Investec Asset Management has expanded its range of emerging market debt funds with the launch of an investment grade debt fund for Peter Eerdmans.

Andy Weir, the manager of Fidelity's Global Inflation Linked Bond fund, has said he expects inflation to peak below 5% later this year, after the official reading for May showed price rises had halted.

Anthony Bolton, Fidelity's legendary investor, has seen the share price of his China Special Situations investment trust drop by a fifth in the last six months amid sharp falls in the region.

UK shares were under pressure in early trading after sharp falls in the US caused by a sharp rise in inflation.

The Investment Management Association has moved back the date it will implement changes to the Managed sectors by three months after calls from members for more time to discuss proposals.

Commodities giant Glencore today said it is not mulling a bid for peer ENRC.

James Gledhill has left Henderson Global Investors after being made redundant, Investment Week understands.

May's UK inflation reading remained unchanged from April, official figures have shown, giving Bank of England governor Sir Mervyn King some respite.

M&G Investments has written to clients to confirm its plan to merge its £208m Income fund into Alex Odd's Dividend portfolio.