Markets

Managers around the globe have upped their exposure to equities in what Bank of America Merrill Lynch analysts dubbed the 'great rotation' of 2013.

M&G is planning to merge two of its UK equity funds to create a portfolio with more than £600m in assets under management.

Schroder's mid-cap manager Andy Brough has been given a boost from his stake in fellow asset manager Liontrust after its shares soared 10% in early trading today.

We believe the investment backdrop remains structurally difficult.

The UK's main inflation rate has remained at 2.7% for the third month in a row, broadly in line with economists' expectations, despite steep rises in energy bills.

Music and DVD chain HMV is to call in administrators Deloitte today as the 250-strong chain becomes the latest casualty on the high street.

Shares in Apple fell to an 11-month low overnight after disappointing sales of its latest iPhone.

James Sullivan, co-manager of the Miton Special Situations and Strategic portfolios, warns investors not to get too carried away by the New Year optimism.

The £3m Martin Currie Global Energy fund is set to wind down at the end of February after prolonged uderperformance.

The FTSE 100 has had the best start to a year since 1999 as investors pour billions back into global equities.