Managed funds

Charlie Awdry has cut the number of holdings in his Henderson China Opportunities fund to create a more focused portfolio, while selling his last Chinese property holding as the indebted sector continues to struggle.

ON EMS

Multi-manager Tony Yousefian is to join Charteris Treasury Portfolio Managers following his exit from City Financial.

City Financial's multi-asset fund manager Tony Yousefian has left the firm after less than a year, Investment Week understands.

Kames Capital is launching a diversified income fund for Vincent McEntegart, a portfolio manager on its multi-asset team.

UBS Wealth Management's research team is finding better value opportunities in Europe than in emerging markets, pointing to the latter's political instability and lack of earnings momentum.

Average annual investment returns over the last decade were similar to those of the last century, despite several global wars and a financial collapse, according to analysis from Brewin Dolphin.

ON UK EQUITIES

COMMENT

Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.