Equities

Growing fears over the risk of a credit crunch in China are misplaced, according to EFG Asset Management's Mansfield Mok, with the government standing behind the banking sector and ready to boost liquidity if needed.

ON EUROPE

Brewin Dolphin is reviewing the service it offers clients with less than £50k in assets under management.

Aviva Investors has appointed Liam Spillane from Overlay Asset Management, formerly part of BNP Paribas Investment Partners, as emerging market debt currency portfolio manager.

Chairman Ben Bernanke tried to reassure markets the Federal Reserve would not step away from supporting a weak economy in his testimony to US Congress yesterday.

Neptune's Felix Wintle has been rotating his portfolio into domestically-focused US equities as he predicts names linked to the consumer will power the economic recovery.

China's major equity markets slipped further into bear market territory this week as traders worried about the withdrawal of QE in the US, and slowing Chinese growth.

EQUITIES

Deryck Noble-Nesbitt has left Close Brothers Asset Management as the firm winds up his Special Situations fund.

As detailed in the last issue of Investment Week the June sell-off, notable for a rise in correlations across asset classes, caused a lot of problems for funds that rely on diversification to flourish.