Equities

ON EMERGING MARKETS

Asian markets as a whole will not begin to outperform until the European debt crisis is resolved, but consumer stocks in China will serve investors well, according to JO Hambro Capital Management's Paul Wimborne.

Liontrust has blamed stock market movements for a fall in its assets under management between April and September, but has reported a positive net inflow for the period.

A strong hint from the European Central Bank it will cut interest rates next month has buoyed markets in early trading, following sharp gains in the US and Asia overnight.

Japan has said it will consider helping to save Greece as part of a wider bailout plan as it looks to avert a crisis in global growth.

Martin Currie is planning to convert its European fund into an income mandate as co-manager Eric Woehrling departs the firm, Investment Week understands.

ONE TO WATCH

European officials are reportedly working on a grand plan to save the eurozone involving a major bank recapitalisation, giving the bailout fund several trillion euros of firepower, and a possible Greek default.

The largest equity income funds should be capped to protect investors from concentration risk, according to RWC Partners' Ian Lance.

Investors have accused the Federal Reserve of ‘fiddling while Rome burns' after its latest attempt to support the US economy was followed by a brutal market sell-off.