Chuck Royce's small-cap-focused US firm has track record spanning four decades.
US and Asian markets fell overnight on fears the US government will fail to resolve its debt crisis, ahead of a crucial vote by the House of Representatives today.
Money market funds in the US are building up liquidity as fears of a downgrade or default on the nation's debt intensify ahead of debt ceiling vote.
M&G's head of retail fixed interest Jim Leaviss has warned the US will see its credit rating downgraded to AA shortly after next year's presidential election.
Business secretary Vince Cable has hit out at what he described as "a few right-wing nutters" holding up a deal to cut US government debt.
J.P. Morgan is set to overhaul its £292m America Equity fund next month, slashing 50% of the portfolio's holdings.
Investors should be focusing on stocks with high and growing dividends, writes Henry Sanders III, manager of the Aviva Investors US Equity Income fund.
The US Congress moved one step closer to sealing a deal on its debt ceiling, pushing down yields on 30-year government bonds.