Equities

The US government shutdown combined with growing concern over the country's debt ceiling have led to renewed fears US equity markets could sell off heavily if the impasse continues.

A simple typographical error boosted Spain's 2014 public debt forecast by €10bn (£8.4bn), the government has admitted.

Matthews Asia, the US-based Asia-only fund house, is set to make a further push into the UK market after three years of preparatory work.

Henderson retail fixed income head John Pattullo is favouring core companies in core countries across Europe to provide thematic bond investing in a low inflation environment, alongside opportunities in the US.

Rathbones Unit Trust Management has selected five US equity funds that can add value at a time when many managers are struggling to outperform the S&P 500 index.

Equities were the best-selling asset class in August for the fifth month in a row, with over £1bn in inflows, according to the latest Investment Management Association (IMA) statistics.

Supermarket giant Tesco led the FTSE 100 lower this morning after revealing its profits had dropped off sharply.

Tesco, the UK's biggest supermarket chain, has reported a drop in profits of 23.5% in the first half of its financial year.

Threadneedle has made five hires to its Asian equities team as it expands its on-the-ground presence in the region.

ETP provider Source has launched a private equity ETF as a more liquid alternative to investing in private equity buyout funds.