Equities

China bull Mark Mobius, manager of the £10bn Templeton Asian Growth fund, said the country need not fear a hard or soft landing as the authorities will step in once more to manage economic growth.

ASIAN INCOME

Neptune's Robin Geffen has moved nearly half of his £950m Global Equity fund into US equities, his largest ever exposure to the region.

The Brazilian government has unveiled a R$133bn($66bn) stimulus plan designed to revive investment in the country's infrastructure and boost its flagging economy.

Chinese Premier Wen Jiabao has said the world's second largest economy can meet its growth target this year in an effort to allay concerns over recent economic data.

Scottish Widows Investment Partnership (SWIP) has appointed former of global equities William Low as director of equities following a restructure of its equities strategy.

Billionaire investors George Soros and John Paulson have upped their stakes in the largest exchange-traded fund backed by gold as the commodity posted the largest quarterly drop since 2008.

FOUR Capital Partners is to expand its product range with the launch of a low volatility global equity fund this September.

KAY REVIEW

BNY Mellon is set to launch fully unbundled RDR-ready share classes across its entire UK fund range in September.