Global

Randeep Somel, the new manager of M&G's Global Basics, has revealed the fund is making new investments in miners again as he looks to position the portfolio for a new era.

Duncan Goodwin, manager of the Martin Currie Global Resources fund, is to leave the firm at the end of the year.

Randeep Somel has revealed his plan to steer the M&G Global Basics fund back to the top of the performance tables, telling investors "no-one else does this kind of portfolio".

ON US

The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.

M&G Global Basics fund manager Graham French is to leave the group, Investment Week can reveal, as he retires from fund management after a 25-year career.

Macro data was at the forefront of investors' minds this week, after a surprise drop in UK inflation sent the pound lower.

Vodafone is to invest an extra £1bn to improve its mobile network as it points to tough trading conditions in the first half of the year.

ON ASIA PACIFIC

Ruffer's Steve Russell and Hamish Baillie have revealed they remain cautious on equity market valuations, questioning the sustainability of recent gains.