Asia

BP is set to halve its previous £6bn annual dividend when it reinstates payouts early next year.

Charlie Awdry has been reducing exposure to consumer staples, previously a long-term theme on the £768m Gartmore China Opportunities fund.

ON ASIA

Janus Capital International has launched the Perkins Global Value fund, its second new offering in a month.

Premier's new Environmental Power & Water fund is likely to launch with an overweight to Asia. The new fund, which is a conversion of the existing 20m UK Smaller Companies portfolio, launches on 1 November.

Marlborough has reorganised the management of its £68m Far East Growth fund in a bid to improve performance.

FUND MANAGER FOCUS

EMERGING MARKETS

Edinburgh Dragon Trust's Andrew Gillan has warned Asia's rapid growth will slow over the rest of this year, but is confident in the market's long-term prospects.

Asian insurer AIA raised $17.8bn in its long-awaited IPO this morning, valuing the group at $30.5bn.