Legg Mason has appointed affiliate, Batterymarch, to replace Esemplia Emerging Markets as manager of the Luxembourg-domiciled Legg Mason Asia Pacific (ex Japan) fund.
The US economy has come out of recession, with annualised growth of 3.5% in the third quarter of 2009.
Henderson New Star is changing the £66m New Star Pacific Growth fund's mandate to provide income as well as growth and will rename it New Star Asian Dividend Income.
Global emerging markets have had a stunning run since late March.
As investors came to work on September 15, 2008, we braced ourselves for the fallout from the news Lehman Brothers had filed the largest bankruptcy in history.
Fidelity manager discusses opportunities in the US following March market lows
European equity markets have rebounded strongly since hitting lows in early March as the economy has recovered more rapidly than forecast and financial markets have begun return to some sense of normality as the credit crisis has eased.
China's Q3 GDP figures released on Thursday show the country's economy is on a sustainable path, says J.P. Morgan Asset Management's Geoff Lewis, who believes wide scale fiscal tightening is still far off.
Research from structured product provider Gilliat Financial Solutions has found the FTSE 100 index has never breached the 50% capital protection barrier over any five-year term.