Economics

Over the last 10 years, 1,000 new funds have been launched every year in Europe across all asset classes, a Lipper report has found.

BUDGET 2012

Giant bond fund PIMCO warned Europe has not got its debt crisis under control and will soon face a "second Greece" in Portugal.

Boutique asset manager Polar Capital is launching a European absolute return fund.

100 YEARS OF DEBT

UK stocks will climb 10% over the next few months, said Colin McLean, managing director of SVM Asset Management, with industrials and financials set for the strongest rally.

Investors are not yet ready to deploy stockpiled cash into equity markets despite the recent rally, said Investec's Max King, as they are "afraid of the bogeyman" or unexpected shock.

London remains the top city in the world for foreign investment, according to a report into the growth of emerging market economies.

Rathbones' Income fund manager Carl Stick has ramped up the cash in his fund to its highest level for 10 years, warning the UK market is at risk of a correction.

Liontrust Asset Management has made Ian Furtado, the former head of sales at EM boutique Occam, redundant, Investment Week understands.