Economics

The Financial Services Authority has warned investors an unauthorised firm masquerading as Invesco Perpetual is attempting to sell fake funds.

Guinness Asset Management has labelled recent intervention in oil markets by the International Energy Agency (IEA) as a one-off and predicted it will not take similar action in future.

Debt-laden Greece could drag the whole eurozone into a "vortex of default, bankruptcy and an economic slump", Threadneedle's Leigh Harrison has warned.

Opportunities in the pharmaceuticals sector continue to be overlooked, with "phenomenal value" on offer, Invesco Perpetual's Neil Woodford has said.

Equity and other financial markets have gone through periods of stress, but Neil Jamieson of ETF Securities, says sterling investors could have used FX as a protection strategy.

Nervous markets were further soothed yesterday as Greek MPs passed a law to implement strict austerity measures in a second round of voting.

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".

Greg Woodard, lead manager of the £1.4bn GAM Star US All Cap Equity fund, has said the end of the second round of quantitative easing in the US has already been priced in to equity markets.

Ignis' chief economist Stuart Thomson has said it is a "virtual certainty" Greece will default despite its move to implement the latest austerity plan.