Equities

EXPLORING LATIN AMERICA

First State has overhauled the £142m Pacific Assets Trust it recently took over from F&C, selling all but five of the existing stocks.

Fidelity has added a sterling share class to its Luxembourg-domiciled Emerging Asia fund.

Schroders head of global equities Virginie Maisonneuve believes the US economy is in a volatile state between weak macro data and strong corporate results.

Liverpool Foootball Club could be bought by a Chinese business tycoon in the coming days.

Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.

Europe is likely to experience lower growth due to "fiscal austerity". However, as a result of the awkward outlook, European equities look inexpensive.

Peer group sees £8.5m outflow in May as three-year numbers disappoint, but average fund up 20.7% over one year

EMERGING MARKETS

Invesco Perpetual's Paul Causer is predicting risk assets will rally until at least the fourth quarter following the "marked turnaround" in sentiment in European markets early last week.