Funds

Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.

Friends Life is planning to transfer £24bn worth of segregated mandates from AXA Investment Managers to Aviva Investors, following its takeover by the latter's parent company at the end of last year.

Miton's UK MicroCap trust has announced its first share issue since launch in April, raising an additional £4.3m.

Nick Greenwood's Miton Worldwide Growth trust has proposed new measures to provide investors with more liquidity in a bid to attract inflows.

The IA Japan sector is home to the most consistent fund performers over the past three years, according to the latest research by F&C's multi-manager team.

Paul Niven, manager of the £2.5bn Foreign and Colonial investment trust, said he has already started tapping into the resources on offer following BMO's acquisition of F&C earlier this year.

Artemis' Alex Illingworth has said the Mid Wynd International investment trust's zero discount policy means the investment trust is effectively operating as a "semi-open" vehicle.

Aberdeen Asset Management is continuing its fund rationalisation process following the acquisition of Scottish Widows Investment Partnership (SWIP) by merging away three more funds.

Provider LV= has bought a majority stake in robo-advice operation Wealth Wizards.

Tilney Bestinvest's 'Dog List' of consistent underperformers has fallen by over a third since January, from 60 funds to 37.