Markets

With the era of US quantitative easing now drawn to a close, Investment Week spoke to five wealth managers about the possible consequences - and the likelihood of the taps being turned back on.

Barclays has reported a 15% rise in Q3 profit but also set aside £500m for potential fines relating to manipulation of foreign exchange markets.

Net inflows at St James's Place (SJP) rose 23% in the third quarter as ISA rule changes helped boost new business, interim results show.

Henderson has reported strong net UK retail inflows of £814m for the third quarter but cautioned difficulties lie ahead for investors.

The US Federal Reserve has concluded the tapering of its multi-year bond buying programme and begun turning its attention to a future interest rate hike.

Giles Money, manager of the Schroders global climate change strategy, is leaving the group amid a reshuffle of the global and international equities team.

Former Schroders manager Julie Dean is to join former Cazenove colleagues Chris Rice and Tim Russell at Sanditon Asset Management.

GAM's Charles Hepworth expects the market falls seen earlier this month to spur an end-of-year rally, making up the losses suffered by equity investors.

Leading fund managers have become more cautious about their expectations for interest rate hikes, with many now expecting any movement in base rates to be postponed until at least 2016.

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