Emerging markets

Currency fluctuations a key concern

Crispin Odey is among hedge fund managers shorting Aberdeen Asset Management's stock on fears the latest £9.9bn outflows reported by the company spell further trouble ahead.

Fund managers are concerned the Chinese central bank's shock move to devalue its currency could lead to the renminbi depreciating further, sparking heightened capital flight from the region and the rest of Asia.

Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.

Jupiter is seeking to expand its stable of income-generating products in the second half of this year via the launch of an Enhanced Distribution portfolio and a fund for new hire Jason Pidcock.

With Greece's theatrics dominating the world stage, investors may have missed some compelling stories unfolding in the wings. Bill McQuaker, Henderson co-head of Multi-Asset, outlines three of his favourites.

FE's Joshua Ausden scours the marketplace for the best hidden gem funds for your portfolios.

Aberdeen's head of global emerging market equities Devan Kaloo has admitted the significant underweight to Chinese equities - as well as an overweight to India - has hurt his flagship GEM fund so far in 2015.

Mark Mobius has stepped back from his role as lead manager of the Templeton Emerging Markets investment trust after 26 years, to be replaced by Carlos Hardenberg.

The FTSE 100 has moved higher despite Chinese stocks plunging another 6% today amid "panic sentiment" and many companies deciding to suspend their shares.