Equities

BlackRock has poached boutique investment firm NewSmith's Mark Wharrier to work alongside Adam Avigdori on its £604m UK Income fund, Investment Week understands.

ON JAPAN

M&G's Jim Leaviss established small positions in selected emerging market debt and currencies at the end of July despite remaining bearish on the asset class as a whole.

The five major UK banks all recorded a profit in the first half of the year for the first time since 2010, a report has found.

JAPAN

Markets across the continent were lower in morning trading as investors reacted to heavy selling in emerging markets.

ON CHINA

SPECIAL REPORT

Fidelity Worldwide Investment has expanded its regional equity income fund range with the launch of an onshore Asian income fund for manager Polly Kwan.

Fund buyers have been struggling to find alternatives to Aberdeen and First State's giant emerging market funds, but Rathbones' Mona Shah has uncovered four niche vehicles worth a closer look.