The FTSE 100 opened 0.11% higher to 5,211 in early trading following a flurry of M&A activity.
Emerging market debt has held up relatively well during the recent turbulent financial market environment.
Witan Investment trust has created a special portfolio to be managed by new chief executive Andrew Bell.
Mark Mobius' Templeton Asset Management is buying shares in Pakistan after the country's devastating floods prompted an equity sell-off.