Equities

Floundering economic growth and political stalemate have rocked investors in the IMA North America sector

Martin Skanberg has managed the Schroder European fund since October 2008, helping to generate a return of 7.4% in the last three years compared to the sector average loss of 1.9%.

Barings' Agnes Deng is increasing exposure to Chinese banks within the £2.5bn Hong Kong China fund as valuations fall to levels last seen during the banking crisis.

Argonaut Capital's Barry Norris is taking positions in Swiss property and increasing exposure to gold miners within his funds, claiming more QE is almost inevitable.

Apple's Steve Jobs has resigned as chief executive of the technology giant, announcing he could no longer continue in the position following his battle with cancer.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.

Invesco's chief international economist John Greenwood said Chinese inflation is set to remain in the 4% to 6% range unless the authorities move to tighten policy.

Spain has put in place a public sector borrowing cap in an effort to tackle its debt burden, following calls from peers in Europe to take action.

‘Comforting' economic fundamentals and cheap valuations spur Emerging Markets manager to increase China weighting.