Equities

Sanlam Private Investments (SPI) has reaffirmed its ‘sell' recommendation on Richard Wilmot's £2.1bn Newton Higher Income fund, arguing its recent overhaul has made the fund a less attractive option for income seekers.

Emerging markets have had a torrid summer, as the threat of a slowdown in China and the possibility of QE tapering in the US weighed heavy on investor sentiment.

Elena Shaftan, manager of the Jupiter Emerging European Opportunities fund, reports on her findings from a recent research trip to Russia.

The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.

Low equity prices in Europe are deceptive and could spell problems for unwary investors, according to Gregory Kolb, manager of Janus Capital's Perkins Global Value Fund.

US

Facebook shares rose by as much as 20% overnight on news the firm beat analyst expectations on profits and earnings.

J O Hambro Capital Management (JOHCM) is planning to merge away its European fund after assets dwindled to just £2m.

ING Investment Management International (ING IM) has launched a new credit portfolio, the ING (L) Renta Fund First Class Yield Opportunities fund.

Apple shares rose by almost 5% in after-hours trading after its third quarter results beat analysts' expectations, boosted by strong iPhone sales.