Equities

ON NORTH AMERICA

Fidelity's US manager Aris Vatis backing US financials after claiming they are trading at rock bottom levels.

GLG Esprit Continental Europe manager implements process based on broker recommendations to produce top-decile numbers.

ON SPECIALIST MARKETS

ON EMERGING MARKETS

The European Central Bank has indicated it will raise interest rates for a second time in four months at next week's meeting.

Barings has added an emerging markets multi-asset fund to its range for head of multi-asset Percival Stanion.

The IMF has urged the US government to raise its debt ceiling to avoid "global repercussions" for financial markets and a debt "shock".

JP Morgan Asset Management has launched a Japanese absolute return portfolio for fund manager Kaori Tsujino.

The executive board of the International Monetary Fund (IMF) has chosen French finance minister Christine Lagarde as its new director.