Multi-asset

Henderson is to scrap the yield target on two of its multi-manager funds due to "dramatic changes" in the income environment", Investment Week can reveal.

Conditions for the US housing market have never been better, according to US-based investment banking and brokerage company, Charles Schwab.

Henderson Global Investors' £12.7bn property business has appointed Tony He as director of property for its Chinese consultancy.

Legal & General Investment Management hired Emiel van den Heiligenberg from BNP Paribas Investment Partners as its head of asset allocation.

BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.

ALTERNATIVES

JAPAN

Oil majors BP and Shell could face hefty fines if they are found to have manipulated the oil price, the UK's energy secretary has warned.

The recent sell-off in gold and silver has led to fears precious metals may yet have further to fall, but some investors have backed them to provide a boost for portfolios later this year as they recover some lost ground.

Prolonged low inflation has sent commodities allocations among fund managers to a four-year low, according to a new survey.