Portugal's financial crisis worsened today as the country's bond yields spiked above 8% and shares plunged, following the resignation of several key politicians.
Markets across Europe fell deep into the red today as the Portugal crisis worsened and investors reacted to a big sell-off in China overnight.
J.P. Morgan Asset Management (JPMAM) is to merge away three funds and launch a new retail product as it completes an overhaul of its UK fund range, Investment Week can reveal.
Threadneedle is to close its £12m Japanese Smaller Companies fund due to its uneconomical size and "limited demand" for the strategy.
Neuberger Berman has become the latest player to bolster its emerging market debt capabilities, launching a trio of funds for its new recruits.