Asia

UBS Asset Management is to close its US 130/30 Equity fund, as well its Asian Equity fund, due to the uneconomical size of both portfolios.

The FTSE 100 made marginal gains this morning as investors look through a tough session on Wall Street Friday, and a mixed day in Asia, to focus on an expected improvement in economic data later this week.

Stephen Docherty, manager of the Aberdeen World Growth and Income fund, reveals how he is currently positioning his portfolio.

JAPAN

Broker Oriel Securities has compiled a ten strong list of investment trusts trading on discounts which are too attractive to ignore, while also naming ten companies which are too expensive to own.

The FTSE 100 looks set to replicate the falls seen in Asian markets overnight as weak manufacturing data from China dragged on shares and sent metal prices downwards.

Asian markets continued the global stock market rally, following yesterday's unveiling of the ECB's bond buying plans, with some indices up 3.8%.

Matrix Group is closing both its UCITS platform and its Asia sub-fund later this year.

Legg Mason's fixed income specialist subsidiary Western Asset Management has boosted its Asian fixed income team with four hires.

ASIAN INCOME