Global

UBS is launching an onshore version of its Asian Consumption fund, which aims to tap into the growing demand for goods and services in the burgeoning region.

BHP Billiton has abandoned its hostile $40bn takeover attempt for Canada's Potash Corp, after failing to overcome government opposition to the deal.

Australian group LM Investment Management has entered the UK market with the launch of its first structured product offering exposure to Australia's benchmark equity index.

Boutique investment manager Hume Capital is set to roll-out its first product to the retail market, the Global Opportunities fund.

Managers are expecting the Chinese government to continue to raise interest rates and begin to normalise monetary policy as the country looks to control rising inflationary pressures.

India has been one of the top-performing markets of the last few years as investors have bought into the investment story of rapid growth, strong demographics and an emerging middle class.

TIP OF THE WEEK

Aberdeen's head of global equities Stephen Docherty has been adding defensive stocks to the £664m World Equity portfolio in anticipation of the end of the cyclical rally.

FUND MANAGER FOCUS

INDIA