Equities

EQUITIES

INCOME

ON BRICS

ON GOLD

Fidelity Worldwide Investment (FWI) is to expand its range of FAST funds with the launch of a US portfolio for manager Adrian Brass as it moves to create a US equity research desk that can "rival anything in London".

Cazenove has confirmed it is moving to stem flows into Julie Dean's UK Opportunities and offshore UK Equity fund as assets in the strategy approach £2.5bn.

Japanese investors are still net sellers of foreign bonds despite Shinzo Abe's policy of aggressive fiscal stimulus, with the situation unlikely to change until inflation starts to climb, M&G's Mike Riddell has said.

Legg Mason Capital Management veteran Bill Miller is backing airlines in his Opportunity fund, a sector he said has been "uninvestable" until recently.

Franklin Templeton is set to close Mark Mobius' $2bn Templeton Frontier Markets fund to new clients next month, Investment Week understands.

The head of the International Monetary Fund (IMF) Christine Lagarde appeared before a French magistrate yesterday to face questioning over allegations of embezzlement and fraud.