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IT

ON UK GROWTH

Fidelity Worldwide Investment is to expand its equity income franchise with the launch of a Global Enhanced Income fund for manager Dan Roberts.

Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.

Broadly speaking, the investment story of 2013 so far has been one of soaring developed world equity markets but slumping bond returns. But how has that translated in terms of fund flows in the UK?

Billionaire investor Warren Buffett has compared the Federal Reserve to a giant - and successful - hedge fund, after the central bank opted not to taper its asset purchase programme on Wednesday evening.

Jupiter's Merlin multi-manager team have added Jim Leaviss' M&G Global Macro Bond fund to their Merlin range as they adjust the portfolios over the summer period.

Chelsea Financial Services and Albemarle Street Partners are to launch a fund rating service early next year, targeting consumers as well as advisers and rivalling a number of existing agencies.

ON UK GROWTH

The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.