Equities

Apple shares have fallen 12% at the start of US trading as investors took flight after the world's largest company reported weaker-than-expected iPhone sales.

As risk appetite returns and investors begin to dip their toes back into European equity markets, S&P Capital IQ Equity Research has revealed its ten ‘power picks' for 2013 from the European stock universe.

Simon Callow has opened five new positions in the CF Miton Diversified Growth fund which he thinks will perform strongly as the UK equity market breaks out into a higher trading range.

BlackRock has launched an Emerging Markets Absolute Return fund for managers Sam Vecht and Henry Wigan.

Sanlam Private Investments (SPI) has added a high income fund to the group's discretionary range, which will aim to generate a 5% yield on an annualised basis.

Japanese markets have jumped almost 5% in the first three weeks of the year - almost unheard of for the region - in anticipation of a reversal of the decade and half long slump into deflation.

President Barack Obama signed into law the ‘fiscal cliff' bill on Wednesday 2 January 2013 designed to prevent the country rolling out sharp spending cuts and sweeping tax rises.

ROSEMAN

We believe 2013 is shaping up positively for global equity income investors after the New Year's Day Tax Agreement by US politicians which partly resolved the fiscal cliff.

EQUITIES