Invesco Perpetual's star manager Neil Woodford has warned that the UK market is likely to see a rise in short-term volatility as the US withdraws monetary support.
Emerging market currencies hit fresh lows after minutes from the latest Federal Reserve meeting made the prospect of tapering this year all but a certainty.
Federal Reserve officials are united in their support for tapering bond purchases but split on the precise date of the move, according to the minutes of its latest rate setting meeting.
Multi-asset manager Mike Pinggera has moved to reinvest half of the 65% cash pile in his new fund, after fears over a pull-back in equities saw him switch in to the "cheapest and most effective hedge" in July.
Emerging markets are currently in a cyclical bear market, with more pain possible, but the sell-off offers investors a good opportunity to add to positions for the long term, according to a leading strategist.
In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.
The increasing likelihood of former US treasury secretary Larry Summers becoming Fed chairman next year has prompted a further spike in bond yields, analysts suggest.
The continued rise in US treasury yields has raised concerns the broader economic recovery may be under threat if the sell-off continues.
The return of Japan's Prime Minister Shinzo Abe has boosted the country's stock market and lifted inflation, but which managers have benefited most so far, and which have lagged behind?